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. • B.Grimm Power Public Company Limited Diamond Offshore Drilling, Inc. • Diamondback Energy Inc Keppel Corp Ltd. • KEYERA CORP.

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2020-12-07 2021-02-01 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. 2020-06-09 2021-02-10 2020-12-30 Keppel FELS rejects contract termination request from Awilco Drilling The company denies allegations on breaches. 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). 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 March 2019. This marks the second instance of a contract between Keppel FELS and Awilco being terminated.

2021-02-10

10 166. 0,2. Awilco Offshore. Keppel (Industrikonglomerat).

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.

Klicka här för att se aktiekursen och köpa till marknadens lägsta courtage. 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." SINGAPORE (THE BUSINESS TIMES) - A wholly-owned unit Oslo-listed Awilco Drilling is purporting to terminate a US$425 million (S$590.3 million) offshore rig construction contract with Keppel FELS 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. Reference is made to the stock exchange release by Awilco Drilling PLC (“the Company”) on 8 March 2019 regarding the declaration of the first option rig. 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). UK offshore drilling contractor Awilco Drilling has exercised an option to order its second harsh-environment semi-submersible drilling rig from Keppel in Singapore for a price of $425 million.

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." Bak Awilco Rig 2 Pte. ltd. og Awilco Drilling står majoritetseieren Awilhelmsen, som har solid balanse og betydelig egenkapital. Andre store aksjonærer er Dan Goulds QVT og Akastor.
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Keppel denies the allegations and says it is considering legal options and evaluating potential financial impact in consultation with its advisers. 09 Jun 2020. Namely, Awilco last year ordered a semi-submersible drilling rig from Keppel, and the shipyard, in turn, ordered the drilling package for this rig from MHWirth.

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has received a notice from Keppel FELS to suspend works under the drilling Keppel FELS and Awilco Drilling, which was recently terminated by Keppel

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Keppel FELS has continued to perform its obligations under the Contract. Awilco has however failed to pay the installment due on 9 June 2020." Awilco Drilling's Awilco Rig 1 subsidiary was due to pay $31.9 million to Keppel in June as part of the balance of the second installment for the first newbuild rig.

Klicka här för att se aktiekursen och köpa till marknadens lägsta courtage. AVANCE GAS HOLDING LTD. AWILCO DRILLING LTD Diamond Offshore Drilling, Inc. DIAMONDBACK ENERGY Keppel Corp Ltd. KEYERA CORP. KGHM. Anders Isaksen.