Awilco Offshore Exercises Option for Another Jackup

Awilco Offshore ASA has exercised an option with Keppel FELS to build a 400 ft jackup with drilling depth of 30,000 ft.

The rig is to be delivered in the fourth quarter of 2007 at a delivered cost of US $134 million. Delivered cost includes yard price, site supervision, pipehandling equipment, spare parts and finance costs during construction.

Awilco Offshore expects to finance the rig with bank debt and internal funds, i.e. without raising further equity.

Awilco Offshore has, following the ordering of the rig been awarded an option for an additional rig from Keppel FELS.

Awilco Offshore now has four Ultra Premium Jackup drilling rigs under construction with options to build another four units. In addition the company has two accommodation units currently working in the North Sea.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles

From the Career Center
Jobs that may interest you
Electrician, Senior Electrician
Expertise: Electrical Technician|Electrician|Maintenance Technician
Location: Kermit, TX
 
Maintenance Mechanic I, II and Senior Maintenance Mechanic
Expertise: Maintenance Technician|Mechanic|Mechanical Technician
Location: Kermit, TX
 
Field Materials Coordinator x 4 - CO
Expertise: Materials Management
Location: Fort Lupton, CO
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours