Awilco Drilling is moving to recoup millions of pounds over a cancelled contract for a new rig build with Keppel FELS as the dispute between the two firms deepens. Two weeks ago the Singapore

Awilco, a UK North Sea focused driller, which owns two offshore drilling rigs built in the 1980s, ordered two semi-submersible drilling rigs form Keppel in 2018 and 2019, respectively, at $425 million apiece, with the aim of breaking into the Norwegian harsh-environment offshore drilling market.

The rig will be built by KeppelFELS in Singapore at a price of approximately $425 million. The rig will be of the CS 60 ECO MW design. North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive. The unit will be built Keppel FELS’s shipyard in Singapore with 2020-12-06 2020-02-03 Awilco Drilling stops paying dividends. Enters growth mode Oslo-listed driller Awilco Drilling will stop paying dividends as the company says it has entered th 2020-06-09 In recent years Awilco Offshore ASA has expanded rapidly, becoming a recognised name in the provision of semi-submersible drilling rigs for the mid-water drilling market. Additionally, the business is an oil service company involved in drilling and accommodation services. Offshore staff.

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The Business current operating status is live and has been operating for 9 years 301 days. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. on 22 March 2018, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Awilco chief executive Jens Berge has quit, saying the troubled drilling rig contractor had reached a “crossroads”. Mr Berge joined Awilco, headquartered in Westhill, near Aberdeen, from offshore Awilco Rig 2 (AR2), a wholly owned subsidiary of Awilco Drilling, has notified Singapore-based shipbuilder Keppel FELS that it has exercised its contractual termination right under the newbuilding contract between Keppel FELS and AR2 for the construction of the semi-submersible drilling rig Nordic Spring. awilco drilling. 2 kingshill park | venture drive | arnhall business park | westhill | aberdeen ab32 6fl uk tel +44 (0) 1224 737900. privacy & cookie policy.

In connection Tidigare i vår kom nyheten att Awilco signerat kontrakt med Keppel FELS varv i Singapore för att bygga 2 nya borriggar med option på ytterligare 2 och att man The Frigstad Group has operated within the offshore drilling industry for more than 25 years.

Buy and Sell Bitcoins on Singapore's First and most established Brs innenfor den hardt prvede riggsektoren, Awilco Drilling (ticker: AWDR.

Awilco AS er shipping og offshore delen av Awilhelmsen-konsernet, og er i dag et privateid selskap lokalisert i Oslo med fokus på investeringer i og drift av shipping og offshore eiendeler. 2020-12-06 · SINGAPORE (THE BUSINESS TIMES) - Offshore group Keppel Fels has terminated a US$425 million (S$567.3 million)contract from Awilco Drilling to build a mid-water drilling rig, parent Keppel Corp Awilco Drilling PLC has signed a Letter of Intent with an undisclosed operator for the provision of WilPhoenix in support of a three well Plug & Abandonment program. The program has an estimated duration of 100 days and will commence in early May 2020. The contract value is estimated at USD 13.8 million.

7 Dec 2020 Singapore yard group said it will retain payments made to date which are worth $43m amid reports of arbitration.

PRIVACY AWILCO DRILLING PTE. LTD. was incorporated on 15 April 2011 (Friday) as a Private Company Limited by Shares in Singapore. The Business current operating status is live with registered address at WILKIE EDGE. The Business principal activity is in SHIPPING LINES (SCHEDULED SERVICES).

The company currently owns and operates two refurbished and enhanced UK compliant 3rd generation drilling rigs, the WilPhoenix and the WilHunter. AWILCO DRILLING PTE. LTD. Registered Address: FMG Corporate Services Pte Ltd, 8 Wilkie Road #03-01, Wilkie Edge, Singapore, 28095. AWILCO DRILLING PTE. LTD. was incorporated on 15 April 2011 (Friday) as a Private Company Limited by Shares in Singapore. The Business current operating status is live with registered address at WILKIE EDGE. Drilling contractor Awilco crashed to pre-tax losses of $156 million in 2020, widening from a deficit of $30m in 2019 and driven by impairments and cancelled rig construction deals.
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Singapore’s Keppel Corporation has announced that subsidiary Keppel FELS has terminated the contract with Norway’s Awilco Drilling for semi-submersible drilling rig Nordic Spring.. Keppel Awilco opts to terminate KFELS rig contract.

The deal with yard Singapore, 8 March 2019 - Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly- owned subsidiary, Keppel FELS Limited (Keppel FELS) has secured 30 Jun 2014 Listing of Bonds issued by Awilco Drilling PLC in a Awilco Drilling - Prospectus. 19 Ltd., a Singapore registered company (registration no. 7 Jun 2019 to optimise operations on the second newbuild Awilco Drilling owned Singapore's Keppel Offshore & Marine (illustration: Moss Maritime).
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Singapore-based offshore yard Keppel FELS has terminated a US$425 million (S$567.3 million) contract with Awilco Drilling to build semi-submersible drilling rig Nordic Spring, due to Awilco’s failure to make its second installment payment due in March 2021, said Keppel Corporation last Friday (4 December).

2 kingshill park | venture drive | arnhall business park | westhill | aberdeen ab32 6fl uk tel +44 (0) 1224 737900.