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Hitt og þetta 12. apríl 2006

Awilco Offshore ASA places new drilling rig order with PPL Shipyard Pte Ltd

Nordic Business Report-April 12, 2006-Awilco Offshore ASA places new drilling rig order with PPL Shipyard Pte Ltd
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The Norwegian drilling rigs company Awilco Offshore said on Wednesday (12 April) that it has exercised an option to order a new jack-up drilling rig from PPL Shipyard Pte Ltd in Singapore.

The order, based on an option awarded in 2004, covers a 375-foot jack-up drilling rig with a drilling depth of 30,000 feet.

The contract price for the new rig is USD125m, but the delivered cost including equipment is expected to amount to USD132-140m, Awilco Offshore said.

The rig is scheduled for delivery in the second quarter of 2008.

One US dollar (USD) is worth approximately 0.57 British pounds (GBP).

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