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Awilco Drilling PLC M&A Activity 2021

Apr 19, 2021

M&A Activity

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Awilco Drilling PLC: Contract signed for WilPhoenix

Awilco Drilling PLC is pleased to confirm that a contract has been signed with

Ithaca Oil and Gas Limited for the provision of WilPhoenix for a single

exploration well at Fotla in Block 22/1b. The well will commence no earlier than

31(st) May 2021.

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, 19 April 2021

For further information please contact:

Eric Jacobs, interim 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 the Norwegian Securities Trading Act