Norwegian Awilco Offshore Contract With Premier Oil Vietnam Offshore BV

Norwegian Awilco Offshore through Premium Drilling has entered into a 6 months contract with Premier Oil Vietnam Offshore BV, value approximately USD 40 million, initiate during the first quarter 2008 for the jack-up drilling rig, WilBoss, reported on August 20, 2007.
If the firm contract period is increased to 12 months prior to commencement, Premier will be given an option for a further 12 month period.
WilBoss is under construction at KeppelFELS Shipyard in Singapore and is scheduled for delivery at the end of the fourth quarter 2007. WilBoss is Awilco Offshore’s fourth jack-up newbuilding and is equipped for high pressure/ high temperature drilling in water depths up to 400ft.
Awilco Offshore has invested in eight jack-up drilling rigs (of which five are under construction), three semi submersible drilling rigs under construction and two accommodation units in operation. The company also holds one option for the construction of one further semi submersible drilling rig.

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