AGR secures North Sea drilling contract with Awilco
AGR has confirmed it has entered into a Letter of Intent with Awilco Drilling Limited to provide well management services on the semi-submersible drilling rig WilPhoenix.
The US$7 million agreement is to undertake activity on one firm well with six optional wells in the UK Continental Shelf.
Sjur Talsdad, CEO of AGR Petroleum Services said:
This is yet another indication that activity in the North Sea is returning to form and we look forward to forging a successful partnership with Awilco Drilling Limited. Working on board the newly refurbished drilling rig will give our engineering teams a modern and cutting edge environment in which to operate.'
WilPhoenix is in the final stages of a substantial upgrading programme at Remontowa Shipyard in Poland and is scheduled for delivery around the end of the first quarter 2011.
AGR Petroleum Services has drilled more than 400 wells in the last ten years including almost 140 in the North Sea.
The contract is expected to commence early May 2011.
Author: Torund D. Bryhn