Awilco Drilling, a UK-based drilling contractor, has informed that Hess Limited has allowed its option on WilHunter rig to lapse.
In March 2013, Hess extended the contract of 400 days to additional 550 days totalling in 950 days plus option for up to 275 days.
According to this, the WilHunter is on a firm contract with Hess until December 2015. The max 275 days option was supposed to start in December and last until April 2016.
In October 2014, Awilco Drilling and Hess agreed to postpone the date by which the duration of the option of up to 275 days on WilHunter is to be declared. The last day for the option declaration was not supposed to be later than February 25, 2015.
WilHunter is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersible drilling rigs.
The rig is equipped for drilling in water depths up to 1,500ft and its maximum drilling depth is 25,000ft.
WilHunter was built in 1983 by Daewoo Shipbuilding & Heavy Machinery and upgraded in 1999 and also in 2011.
Offshore Energy Today Staff