AWDR - Letter of Award accepted from Alpha Petrole

Awilco Drilling PLC has accepted a Letter of Award (LOA) from Alpha Petroleum Resources Limited to drill 18 development wells on the Cheviot Field in the Northern North Sea. The firm program has an estimated duration of 1080 days and is scheduled to commence in Q2 2018. The minimum contract value for the firm term is estimated at USD 126 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. 

Aberdeen, 21 September 2017 For further information please contact: Jon Oliver Bryce, CEO Phone: +44 1224 737900 Cathrine Haavind, IR Manager Phone: +47 9342 8464 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.