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Awilco Offshore Asa News

19 Feb 2008

Keppel FELS Delivers B Class Rig

Built to Keppel's proprietary KFELS B Class design, WilBoss was delivered 10 days ahead of schedule. Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), received US$40,000 from Awilco Offshore ASA (Awilco) for the early delivery of jackup drilling rig. Built to Keppel’s proprietary KFELS B Class design, the rig was delivered 10 days ahead of contractual schedule to Awilco without any lost time incidents during its construction. The rig is the second of three rigs Keppel FELS is building for Awilco.

28 Jan 2008

Keppel FELS Completes Singaporean Project

Keppel FELS Limited (Keppel FELS), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has completed the construction of its second jackup drilling rig for Gulf Drilling International Ltd (GDI), a joint venture between Qatar Petroleum (QP) and Japan Drilling Co., Ltd. (JDC). At a ceremony on 26 January 2008, the rig was named Al-Zubarah, after one of Qatar’s very important economic centres, by Mr Mohammad Al-Shirrawi, Chairman of the Board of Directors of GDI. Built to Keppel’s proprietary KFELS B Class design, the rig has been customised to GDI’s requirements for drilling in the Arabian Gulf. Al-Zubarah is capable of operating in water depths of up to 300 feet, drilling 30,000 feet deep and accommodating up to 110 men.

11 Mar 2005

Sembcorp Wins $121M Rig Deal

Pacific Class 375 Deep Drilling Offshore Jack Up Rig. Offshore ASA in May 2004 and which the later has now decided to exercise. contract takes effect in June 2005. with delivery scheduled in the second quarter of 2007. a wholly owned subsidiary of PPL Shipyard. water. It has accommodation for 120 men. Mr T. up rig with us. will be built is proving to be spot on. short span of one year since the launch of this design in early 2004. performance requirements. added Mr Ong. Mr C. construction of our first jack up unit to be delivered in the second quarter of 2006. our abilities to provide first class drilling equipment to our international clients. track record in the building and servicing of jack-up and semi-submersible rigs.

11 Sep 2007

Awilco Awarded Additional Option at Yantai Raffles

Awilco Offshore ASA (AWO) has been awarded an option to build a possible fifth semi submersible drilling rig at Yantai Raffles Shipyard. The option can be exercised until end December 2008, and would have a building period of 33 months from exercise. The additional option has been awarded AWO as part of an agreement with the yard to reschedule the delivery of the first rig, WilPioneer with 3 months to October 2008. AWO announced in the second quarter report that such a 3 months longer building period was expected.

06 Apr 2006

Norwegians Buy Oil Rigs

Norway’s Petrojack ASA is selling three jackup oil rigs, being built in Singapore, for $600m. Awilco Offshore ASA and Sinvest ASA will share the cost of the three offshore oil and natural gas drilling platforms. The Baker Marine Pacific Class 375 deep drilling rigs had been slated for sale to Transocean Inc., but the Houston company decided not to purchase the units. (Source: Monsters and Critics.com)