Awilco Drilling wraps up sale of WilPhoenix rig to Well-Safe Solutions

Awilco Drilling wraps up sale of WilPhoenix rig to Well-Safe Solutions

Awilco Drilling said that its wholly-owned subsidiary Awilco Drilling Offshore (UK) has wrapped up the previously announced $15.5 million sale of the WilPhoenix drilling rig to Well-Safe Solutions. The deal was announced last month. Awilco Drilling said that concurrent with the deal, the short-term shareholder loan with Awilhelmsen Offshore and QVT Family Office Fund has […]

Awilco Drilling to sell WilPhoenix drilling rig to Well-Safe Solutions

Awilco Drilling to sell WilPhoenix drilling rig to Well-Safe Solutions

Awilco Drilling said that its wholly-owned subsidiary Awilco Drilling Offshore (UK) will sell the WilPhoenix drilling rig to Well-Safe Solutions, a well decommissioning specialist, for $15.5 million. In this connection, the parties have signed a memorandum of agreement (MOA). The anticipated time of delivery of the drilling rig is on or around 1 June 2022. […]