ABERDEEN, NORWAY: Awilco Drilling announced that its fully owned subsidiary Awilco Drilling Offshore (UK) Limited has signed a Memorandum of Agreement (MOA) for the sale of the WilPhoenix rig to Well-Safe Solutions Ltd.
The agreed purchase price is USD 15.5 million. Expected time of delivery of the rig is on or around 1 June 2022.
WilPhoenix is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,200 ft. WilHunter, Awilco Drilling’s other semi-submersible, is in the process of being sold for recycling.
Company is a North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs. The company currently owns and operates a refurbished and enhanced UK compliant 3rd generation drilling rig, the WilPhoenix.