Awilco Drilling PLC

Earnings Release • Sep 21, 2017

AWDR - Letter of Award accepted from Alpha Petroleum

AWDR - Letter of Award accepted from Alpha Petroleum

Awilco Drilling PLC has accepted a Letter of Award (LOA) from Alpha

Petroleum Resources Limited to drill 18 development wells on the Cheviot Field

in the Northern North Sea. The firm program has an estimated duration of 1080

days and is scheduled to commence in Q2 2018. The minimum contract value for the

firm term is estimated at USD 126 million.

WilPhoenix is one of Awilco Drilling's two Enhanced Pacesetter semi-submersibles

and is equipped for drilling in water depths up to 1,200 ft.

Aberdeen, 21 September 2017

For further information please contact:

Jon Oliver Bryce, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 9342 8464

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.