Awilco AS

Thursday, May 03, 2012 Awilco Drilling has signed a Letter of Intent with Suncor Energy to extend the contract for WilHunter for the drilling of a second firm well estimated at 61 days.

Friday, February 04, 2011 AGR has confirmed it has entered into a Letter of Intent with Awilco to provide well management services on the semisub WilPhoenix.

Monday, September 28, 2009 COSL was once constrained to the waters offshore China, but since its purchase of Awilco Offshore, the company is on its way to becoming a leading worldwide offshore rig provider.

Wednesday, September 09, 2009 Chinese energy officials upset at China National Petroleum Corp.'s failed $460 million buyout offer for Libya-focused Verenex should remember the maxim "what goes around, comes around."

Friday, December 05, 2008 COSL has delayed construction of one of the deepwater drilling rigs previously ordered by Awilco Offshore.

Monday, November 24, 2008 COSL successfully assembled the deck module to the ship hull of its semisubmersible rig COSLPioneer.

Monday, October 13, 2008 Awilco through Premium Drilling received a LOI from CNOOC for a two year drilling program for the jackups WilSeeker and WilBoss.

Thursday, October 09, 2008 COSL has successfully hosted a naming ceremony in Singapore for its new 375-feet jackup drilling rig WilSeeker.

Thursday, October 09, 2008 Yantai Raffles Shipyard successfully executed the load-out operation for the first of Awilco Offshore's three semisubmersible drilling rigs which are under construction at the YRS shipyard in Yantai, Shandong Province on September 27, 2008.

Tuesday, September 23, 2008 COSL completed its major acquisition of Awilco Offshore's shares in the largest 100%-stake overseas acquisition in the non-oil-and-gas category accomplished in the energy sector in China by value to date, and one of the highest strategic importance.

Thursday, September 18, 2008 BP Norge has entered into a fixed term contract with Dolphin AS for use of their semisub Borgland Dolphin. The contract is for 433 days commencing January 2010 for pre-drilling in the Skarv field.

Thursday, August 21, 2008 Awilco Offshore ASA has provided an operational and financial update for the quarter ended June 30, 2008, which included information concerning the Company's jackup commitments and total revenue earnings.

Monday, August 11, 2008 Awilco Offshore through Premium Drilling received a Letter of Intent from an international operating company for a drilling program of two firm wells plus one optional well for the jackup drilling rig WilForce in Libya.

Tuesday, August 05, 2008 Awilco Offshore received a LOI from an International Operator, for a drilling program in Indonesia of 3 firm wells using the jackup drilling rig WilCraft. The estimated contract value for the firm period of 90 days is $17.5 million.

Thursday, July 31, 2008 The National Development and Reform Commission of the People's Republic of China has granted approval to the proposed acquisition of the entire issued share capital of Awilco Offshore by COSL.

Thursday, July 10, 2008 China Oilfield Services Limited announced that it has purchased Awilco Offshore for a consideration of approximately $2.5, giving the Chinese firm the world's 8th largest rig fleet, including rigs currently under construction.

Monday, July 07, 2008 China Oilfield Services Limited announced that it has reached an agreement with Awilco Offshore ASA to launch a recommended voluntary cash tender offer for 100% of the shares of AWO for approximately US $2.5 billion.

Monday, June 23, 2008 Awilco Offshore has reached an agreement with ConocoPhillips Skandinavia to extend the contracts for the accommodation units Port Rigmar and Port Reval for an accumulated period of approximately five years.

Friday, June 20, 2008 A consortium led by the oil-services arm of China National Offshore Oil Corp. is in advanced talks to buy Norwegian oil drilling contractor Awilco Offshore ASA in a deal that could be valued at more than $2 billion.

Friday, May 30, 2008 Awilco Offshore confirms that a third party has expressed an interest in acquiring the company, but an agreement has not been reached with the interested party.