Awilco Drilling mener etter hva Finansavisen erfarer at Keppel FELS ikke har gjort sin del av jobben slik verftet skulle. Skulle begge kontraktene bli terminert vil selskapet kreve å få refundert sine innbetalinger som for to rigger beløper seg til cirka 100 millioner dollar.

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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. 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. 2020-12-30 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." 2020-12-07 2020-06-09 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.

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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 Drilling contractor Awilco crashed to pre-tax losses of $156 million in 2020, widening from a deficit of $30m in 2019 and driven by impairments and cancelled rig construction deals. Nordic Winter is one of the two semi-submersible drilling rigs of Moss Maritime CS60 Eco MW design ordered by Awilco Drilling subsidiaries from Keppel Fels. In addition, separate Awilco Drilling Awilco Drilling has announced that its fully owned subsidiary Awilco Rig 2 Pte. Ltd. has signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semi-submersible drilling rig. Awilco Drilling rusar inför Q2-rapporten ons 14/8, kursen är upp + 7,27% hittills idag.

Drilling contractor Awilco crashed to pre-tax losses of $156 million in 2020, widening from a deficit of $30m in 2019 and driven by impairments and cancelled rig construction deals.

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. 2020-12-30 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 keppel

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Awilco said that the termination is a result of breaches under the rig construction contract. Awilco Rig 2 Pte. Ltd (AR2) has terminated its vessel construction contract with Keppel FELS Limited (KFELS) for the newbuild semi-submersible drilling rig Nordic Spring, AR2 parent company Awilco Awilco Drilling in 2018 ordered the harsh environment semi-submersible drilling rig from Keppel. This was followed by another newbuild order of the same type and with Keppel in 2019. These were first such orders after the previous oil price collapse.

As previously reported, Awilco – an owner of two 1980s-built drilling rigs – ordered two semi-submersible drilling rigs from Keppel back in March of 2018 and 2019. The idea behind the $850 million deal for the rigs was to enter the Norwegian harsh-environment drilling market. Awilco Rig 2 Pte. Ltd. (“AR2”), 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 the newbuilding contract between KFELS and AR2 for the construction of a semi-submersible drilling rig, Nordic Spring, as a result of breaches under the Earlier this month, Keppel FELS already terminated the contract with Awilco Drilling for the rig and commenced arbitration to enforce its rights. Awilco ordered two rigs at Keppel at $425m each 2020-06-09 · Awilco said that the termination is a result of breaches under the rig construction contract. In its 1Q 2020 report in May, Awilco said there had been slow progress on Nordic Winter in Singapore the previous month due to governmental Covid-19 restriction while progress on the second rig that Keppel is building for Awilco, the Nordic Spring, had continued as per schedule. Köp aktier i Awilco Drilling - enkelt och billigt hos Avanza Bank.
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KONGSBERG systems will be used to optimise operations on the second newbuild Awilco Drilling Owned Moss CS60Eco semi-submersible drilling rig being  Awilco Drilling has recently embarked on a growth phase, with the ordering of two new Moss Maritime CS60 ECO MW drilling rigs from Keppel FELS, Singapore,  7 Dec 2020 10 Jun 2020 “Awilco Rig 1 Pte. Ltd. (“AR1”), a wholly owned subsidiary of Awilco Drilling PLC ( “Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”)  Next Event. Q1 2021 Awilco Drilling PLC Earnings Release May 11, 2021 BRIEF-Keppel Corporation Announces Termination Of Contract With Awilco. During the quarter, Keppel O&M won a repeat mid-water semisubmersible (semi) drilling rig order from Awilco Drilling (Awilco) worth about US$425 million. Awilco Drilling PLC (the Company) announces that its wholly owned subsidiary Awilco Rig 2 Pte. Ltd. (AR2) has today received a notice from Keppel FELS  4 Dec 2020 Awilco Drilling subsidiary Awilco Rig 2 Pte. Ltd. has received a notice from shipyard Keppel FELS purporting to terminate the vessel  29. dec 2020 Rigselskabet Awilco Drilling har nu annulleret en kontrakt hos værftet Keppel om at få bygget en rig og vil have et stort millionbeløb betalt  29 Dec 2020 Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“ Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”)  2.

Alexander Krafft, managing director of Awilco Drilling, said, "We are expanding our offshore fleet to meet the growing demand for premium jackups. Timing of  30 Dec 2020 Awilco Rig 2 Pte. Ltd (AR2) has terminated its vessel construction contract with Keppel FELS Limited (KFELS) for the newbuild  Awilco Drilling has ordered a Moss Maritime CS60 ECO MW semi-submersible drilling rig from Keppel FELS, Singapore, with options for three further sister rigs. LETTER OF INTENT WITH AWILCO DRILLING PLC. Keppel Corporation Limited (“KCL” and the “Company”) wishes to announce that Keppel. Offshore & Marine  9 Jun 2020 Awilco Drilling terminates contract with Keppel FELS for construction of Nordic Winter rig Awilco Rig 1 Pte. Ltd. The vessel construction contract  9 Jun 2020 Awilco Drilling terminates rig order with Keppel Awilco Drilling cancelled a semi-submersible rig order with rig builder Keppel due to breaches  29 Dec 2020 4 Jan 2021 Awilco Rig 2 (AR2), a wholly owned subsidiary of Awilco Drilling, has notified Singapore-based shipbuilder Keppel FELS that it has exercised  1 Feb 2021 The CEO of offshore operator Awilco Drilling has stepped down from his post, citing the company's ongoing dispute with Keppel over two  30 Dec 2020 Awilco Drilling has terminated its offshore rig construction order with Singapore's Keppel due to a “breach of contract“ and is seeking a refund.
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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 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. 2020-12-30 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." 2020-12-07 2020-06-09 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.

29. dec 2020 Rigselskabet Awilco Drilling har nu annulleret en kontrakt hos værftet Keppel om at få bygget en rig og vil have et stort millionbeløb betalt 

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.

It has also decided to name a new CEO. The rig will be built to Moss Maritime’s CS60 ECO MW design and is expected to be delivered in March 2022.