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Awilco Offshore Receives CNOOC Interest for Jack-Up Drilling Rigs

October 14, 2008

Awilco Offshore, through Premium Drilling, has received a letter of intent from the China National Offshore Oil Corporation for a two-year drilling program for the WilSeeker and the WilBoss jack-up drilling rigs.

According to the letter of intent (LoI), the WilSeeker is scheduled to commence operation upon completion of its current operational preparation. The WilBoss is scheduled to commence operation upon completion of its work with Nido.

The China National Offshore Oil Corporation (CNOOC) also has the option to contract a third rig, the WilSuperior, on the same terms. If the option is exercised, start-up for this rig will be at the completion of its work with Thang Long and Truong Son.




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