Awilco Drilling PLC: Cost Reduction

Awilco Drilling Plc

Mon, Oct 26, 2020, 7:05 AM1 min read

In this article:

Awilco Drilling PLC announces that in light of the termination of the newbuild Nordic Winter and the significant delay in the construction and anticipated start-up of operations of the newbuild rig Nordic Spring, cost saving will be required. Based on this situation Awilco Drilling Norge AS has decided to initiate a wide range of cost reducing measures. Further information will be provided in due course.

Aberdeen, 26 October 2020

For further information please contact:
Jens Berge, CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 9342 8464
Email: ch@awilcodrilling.com

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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