Awilco's Newest Jackup Nabs $30M Contract in Libya

Awilco Offshore through Premium Drilling has received a Notice of Tender Award from Repsol Exploration Murzuq S.A. for an estimated period of five month drilling program offshore Libya for the jack-up drilling rig WilForce.

The contract value is an estimate of $30 million (excluding mobilization and demobilization costs). Operation is scheduled to commence following completion of mobilization to Libya expected during third quarter 2008.

WilForce is under construction at PPL Shipyard in Singapore. The rig is scheduled for delivery at the end of first quarter 2008. WilForce is Awilco Offshore's fifth jack-up new building, and is equipped for high pressure/ high temperature drilling in water depths up to 375ft.

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