SOURCE: Business Review Europe

Business Review Europe

February 18, 2011 14:18 ET

Awilco Drilling Announces Launch of WilPhoenix and WilHunter Drilling Rigs

SAN DIEGO, CA--(Marketwire - February 18, 2011) - Featured in Business Review Europe, Awilco Drilling is soon to launch its semi-submersible drilling rigs WilPhoenix and WilHunter to operate within the UK continental shelf.

The two newly-purchased drilling rigs were initially developed and built in the 1980s and are commonly known as third generation, mid-water semi-submersible rigs. The two rigs formerly named GSF Arctic II and GSF Arctic IV have been renamed WilPhoenix and WilHunter respectively.

Awilco Drilling has spent the later part of 2010 modernising its two rigs in a bid to re-launch them as the "best-in-class" towards the end of Q2, 2011.

"We are investing $90 million in the two rigs, upgrading them in terms of facility upgrades and performance enhancements," says Bryce. "We are also improving the drilling equipment, the support equipment, the power systems as well as major marine improvements such as stability and motion characteristics modifications. There has also been the addition of new accommodation for 110 personnel, more office space and four new lifeboats." 

Bryce adds: "We have made a significant investment in these older 'workhorse' assets to improve performance, reliability and operability. We anticipate that this investment will make the enhanced Awilco Drilling rigs an attractive proposition to potential customers within the UKCS."

Read more of this report here.

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