On October 6 Awilco Drilling PLC signed a Letter of Intent (LOI) with Hess UK Ltd for the provision of WilPhoenix for work related to their 2012 abandonment program on the Fife and Fergus fields.
Yesterday, Awilco confirmed that the contract is signed and is due to commence late Q1 2012. The contract duration is estimated to be about 200 days with a contract value of approximately USD 51 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.
Offshore Energy Today Staff, December 21, 2011; Image: Awilco Drilling