4 Jan 2021 Awilco Rig 2 (AR2), a wholly owned subsidiary of Awilco Drilling, has notified Singapore-based shipbuilder Keppel FELS that it has exercised 

Awilco Drilling in 2018 ordered the harsh environment semi-submersible drilling rig from Keppel. This was followed by another newbuild order of the same type and with Keppel in 2019. These were first such orders after the previous oil price collapse.

Keppel denies the allegations and says it is considering legal options and evaluating potential financial impact in consultation with its advisers 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. Nordic Winter is one of the two semi-submersible drilling rigs of Moss Maritime CS60 Eco MW design ordered by Awilco Drilling subsidiaries from Keppel Fels. In addition, separate Awilco Drilling Awilco Drilling has announced that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. has signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Awilco Drilling rusar inför Q2-rapporten ons 14/8, kursen är upp + 7,27% hittills idag. Uppenbarligen insiders som redan vet att det är en bra rapport som Awilco Drilling kommer presentera nu på onsdag den 14/8. The CEO of offshore operator Awilco Drilling has stepped down from his post, citing the company's ongoing dispute with Keppel over two offshore rig cancellations.

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Awilco Rig 1 Pte. Ltd.(AR1), a wholly owned subsidiary of Awilco Drilling PLC (Awilco Drilling), has notified Keppel FELS Limited (KFELS) that it has exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of a semi-submersible drilling rig, Nordic Winter, as a result of breaches under the Vessel Construction Contract. 2020-12-30 Awilco Drilling said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Keppel FELS that it had exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of the semi-submersible drilling rig, Nordic Winter, "as a result of breaches under the vessel construction contract." Awilco Drilling has decided to cancel a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract. Awilco Drilling said on Monday it has notified Keppel FELS (KFELS) that it has exercised its contractual termination right under a newbuilding contract for the construction of a semi-submersible drilling rig, Nordic Winter. Awilco Drilling said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Keppel FELS that it had exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of the semi-submersible drilling rig, Nordic Winter, "as a result of breaches under the vessel construction contract." 2020-12-07 2020-06-09 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. Awilco Drilling PLC is a North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs. The company currently owns and operates two refurbished and enhanced UK compliant 3rd generation drilling rigs, the WilPhoenix and the WilHunter. 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.

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, 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. 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).

Keppel (Annan finansiell verksamhet). 64 000. 5 024. 0,4 kom bud på bl a Protect Data, Eastern Drilling och Sinvest. Marknaden Awilco Offshore. 35 000.

Nordic Winter is one of the two semi-submersible drilling rigs of Moss Maritime CS60 Eco MW design ordered by Awilco Drilling subsidiaries from Keppel Fels. In addition, separate Awilco Drilling Awilco Drilling has announced that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. has signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Awilco Drilling rusar inför Q2-rapporten ons 14/8, kursen är upp + 7,27% hittills idag.

2020-06-09

These were first such orders after the previous oil price collapse. Awilco Drilling cancelled a semi-submersible rig order with rig builder Keppel due to breaches under the construction contract. Awilco said that the termination is a result of breaches under the rig construction contract.

Keppel har forkastet anklagene fra Awilco Drilling og motsatt seg termineringen av kontrakten, og inkluderer altså nå en tredjepart for å forsøke å løse tvisten. Stor uenighet Selskapet mener det har utført sine forpliktelser under kontrakten, mens Awilco Drilling ikke har betalt det siste avdraget med forfall tidlig i juni. Offshore drilling contractor Awilco Drilling is looking into ways to finance its remaining commitments for a newbuild rig ordered at Keppel keeping in mind that there is also an option to delay the delivery and the next payment by up to a year. Awilco owns and operates two semi-submersible drilling rigs. 2020-12-06 · Keppel Fels has assessed that the Awilco Drilling unit it signed the contract with will not be able to make its second instalment payment due in March 2021. The parties had entered the contract in Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine (KOM), has denied allegations by wholly-owned subsidiary of Awilco Drilling PLC, Awilco Rig 1, purporting to terminate the contract for the construction of a drilling rig worth about $590.71m (US$425m). Reference is made to the stock exchange releases by Awilco Drilling PLC (“the Company”) on 27 and 28 February 2018 regarding the successfully completed private placement.
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The Singapore-based yard had already canceled the contract. Photo: Edgar Su/Reuters/Ritzau Scanpix.

These were first such orders after the previous oil price collapse.
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Awilco Drilling in 2018 ordered the harsh environment semi-submersible drilling rig from Keppel. This was followed by another newbuild order of the same type and with Keppel in 2019. These were first such orders after the previous oil price collapse.

9 juni 15:47 kommenterade Awilco Drilling.