Gulf Oil and Gas accountACCOUNT

Awilco Secures a Five Year Contract With Arabian Drilling Company

Source: www.gulfoilandgas.com 9/6/2005, Location: Middle East

Awilco Offshore ASA has entered into a five year bare-boat contract with Arabian Drilling Company for the employment of the Ultra Premium jack up drilling rig WilPower. The contract value is approx. USD 131 mill. Arabian Drilling Company will employ the rig in Saudi Arabia and will be responsible for all operating and local expenses. The rig will commence work under the contract in July 2006.

Following the five year charter, Arabian Drilling Company has the option to extend the bare-boat contract for a further year for a contract value of approx. USD 33 mill, also excluding operating expenses.

WilPower is currently under construction at PPL Shipyard in Singapore and is to be delivered in the second quarter of 2006.

Premium Drilling will be responsible for managing the charter.

Rig Equipment >>

Rig Equipment News in Saudi Arabia >>

Qatar >>  8/15/2019 - Seadrill Limited (Seadrill) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to ...
Oman >>  7/31/2019 - BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sul...

United Arab Emirates >>  7/31/2019 - OMV, the international integrated oil and gas company based in Vienna, and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity part...
United Arab Emirates >>  7/29/2019 - National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat ...

Iraq >>  7/28/2019 - Dana Gas PJSC, the Middle East's largest private sector natural gas company, announces that its share of the proved plus probable (2P) hydrocarbon res...
Qatar >>  7/26/2019 - Jack-up drilling rigs "HAKURYU-10" and "HAKURYU-12", both operated by JDC's subsidiary company "Japan Drilling (Netherlands) B.V." at Al-Shaheen Oil F...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.