WilSuperior Wins Work Offshore Vietnam

Awilco Offshore through Premium Drilling has entered into a Letter of Award for the jack-up drilling rig WilSuperior. The contract with Thang Long Joint Operating Company (owned by Talisman (Vietnam) ltd 60% and PetroVietnam Exploration & Production 40%) is for a period of 12 months operating offshore Vietnam.

The contract value is app. US $82 million. The contract is scheduled to commence following delivery from the yard in second Quarter 2007. The Letter of Award is subject to agreement on terms and conditions.

WilSuperior is under construction at PPL Shipyard in Singapore and will be delivered second quarter 2007. WilSuperior is Awilco Offshore's third newbuilt jack-up and is equipped for high pressure / high temperature and drilling depths down to 30,000 ft.

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