Awilco finds another job for WilPhoenix as Alpha deal falls through

Talks between UK-based offshore driller Awilco Drilling and oil company Alpha Petroleum related to the hire of the WilPhoenix rig have come to naught but Awilco has found another operator interested in hiring the rig. 

Awilco received a letter of award from Alpha Petroleum Resources for the WillPhoenix rig back in September 2017. The rig was supposed to drill 18 development wells on the Cheviot field in the northern part of the UK North Sea, starting in the second quarter of 2018.

The minimum contract value for the firm term of 1080 days was valued at around $126 million.

In November, the start date was pushed to the third quarter of 2018 prompting Awilco to seek infill work for the period between this program and the end of the Apache contract, which expires in April.

On Thursday, February 15 Awilco said that, following revisions to the project schedule, the letter of award from Alpha Petroleum Resources did not result in an agreed contract for WilPhoenix.

However, Awilco Drilling has signed a letter of intent with an undisclosed operator for the provision of WilPhoenix. The program is expected to start around September 1, 2018, with an estimated duration of 450 days for an undisclosed dayrate.

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. The rig is currently under contract with Apache.

The company’s other rig, the WilHunter, has been cold stacked in Invergordon for a while now with no near-term employment prospects.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both domestic and overseas buyer groups, including Shell, Exxon Mobil, Total…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply