Awilco Drilling PLC

M&A Activity • Mar 9, 2020

Awilco Drilling PLC: Contract signed with Petrofac

Awilco Drilling PLC: Contract signed with Petrofac

With reference to our press release of 30 January 2020, Awilco Drilling PLC is

pleased to confirm that a contract has been signed with Petrofac Facilities

Management Limited (Petrofac) for the provision of WilPhoenix for a three well

Plug & Abandonment program on Rubie and Renee. The program has an estimated

duration of 100 days and will commence in early May 2020.

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. Awilco Drilling

also has two new build rigs on order of Moss CS60 ECO MW design equipped for

drilling in harsh environments, and independent options for additional two rigs

of the same design.

Aberdeen, 9 March 2020

For further information please contact:

Jens Berge, CEO

Phone: +44 1224 737900

Cathrine Haavind, IR Manager

Phone: +47 9342 8464

Email: ch@awilcodrilling.com (mailto:ch@awilcodrilling.com)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act