The Management of Premium Drilling appreciates that Mr. Cadigan has accepted the challenge of building the management systems under which Premium Drilling will operate. In a statement Mr. Cadigan said: "I appreciate Premium's strong commitment to HSE and look forward to the task of developing Premium into a best-in-class drilling contractor who values the safety of its people and protection of the environment."
Premium Drilling, a drilling contractor, jointly owned by Awilco Offshore ASA and Sinvest ASA is responsible for operating a fleet of 11 ultra premium jackup drilling units, presently under construction in Singapore. Five units will be delivered and will enter the international drilling market during 2006.
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