Awilco Offshore through its Premium Drilling business has received a letter of intent from China National Offshore Oil Corporation Limited, or CNOOC, for a two year drilling program for the jack-up drilling rigs WilSeeker and WilBoss.
WilSeeker is scheduled to commence operation upon completion of its current operational preparation. WilBoss is scheduled to commence operation upon completion of its work with NIDO.
CNOOC also has the option to contract a third rig, WilSuperior, on the same terms as above. If the option is exercised, start-up for this rig will be at completion of its work with Thang Long and Truong Son.
WilSeeker, WilBoss, and WilSuperior are all equipped for high-pressure, high-temperature drilling in water up to 375 feet deep.