Shell adds another well to Awilco rig contract

Oil major Shell has decided to exercise a one-well option with UK driller Awilco Drilling under the decommissioning contract for the WilPhoenix rig. 

To remind, Awilco and Shell UK earlier in May signed a contract for the provision of WilPhoenix rig for a decommissioning program of 18 firm wells plus options totaling a further eight wells. The contract value for the firm term was estimated at $38.3 million.

Awilco said on Thursday that, following the exercise of option, the contract has been extended to 19 firm wells with an estimated duration of 380 days and options for seven further wells remaining.

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

Awilco Drilling also has one new build rig on order at Keppel and independent options for additional three rigs of the same design.

Share this article

Follow Offshore Energy Today

Events>

<< Aug 2018 >>
MTWTFSS
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 31 1 2

FPSO World Congress 2018

This year’s FPSO World Congress will tap on this green shoots of recovery and will focus on practical strategies to address key project…

read more >

ONS 2018

Offshore Northern Seas (ONS) provides a platform for the presentation of the political, economic and technological issues involving…

read more >

FPSO World Congress 2018

The Congress will continue its global focus and will feature the biggest and most important names in the FPSO industry…

read more >

SPE Asia Pacific Oil & Gas Conference and Exhibition 2018

As the energy industry adapts to a new status quo operating under sustained low oil prices, there continues to be a need for the industry…

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