ConocoPhillips Extends Rig Accommodation Contract with Awilco for $350MM

Awilco Offshore ASA 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. The gross contract value is approximately US $375 million.

Port Rigmar is currently employed at Ekofisk, and its contract is extended from October 2009 until October 2012.
Port Reval is currently contracted for work at Eldfisk until April 2009, and following regular five yearly class work, will restart operation early July 2009 lasting until July 2011.