Awilco Drilling

Offshore & Marine

Seatrium says asset-holding company to pay US$57 mil to Awilco as part of settlement for B379 newbuild contract

Rigco will also pay for the legal fees and costs incurred by Seatrium New Energy relating to the arbitrations for AR1 and AR2.

Contracts

Keppel and Awilco Drilling part ways on construction of mid-water harsh environment rig contract worth US$425 mil

Keppel FELS has received a notice from Awilco Drilling’s wholly-owned subsidiary Awilco Rig, to terminate a contract to build a mid-water semisubmersible drilling rig for harsh environment use, on Monday.

Contracts

Keppel wins US$425 mil repeat order from Awilco for semisub rig

SINGAPORE (Mar 9): Keppel Offshore & Marine (Keppel O&M), through its subsidiary Keppel FELS, has secured an order with Awilco Drilling for the construction of a repeat mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 m

Update

Keppel to build mid-water harsh environment rig worth US$425 mil

SINGAPORE (Mar 12): Keppel FELS has won a contract from Awilco Drilling to construct a mid-water semisubmersible drilling rig for harsh environment use, worth about US$425 million ($559 million).
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