Awilco Drilling is moving to recoup millions of pounds over a cancelled contract for a new rig build with Keppel FELS as the dispute between the two firms deepens. by Allister Thomas 29/12/2020, 7
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.
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. 1,084 1 minute read. Singapore’s Keppel Corporation has announced that subsidiary Keppel FELS has terminated the contract with Norway’s Awilco Drilling for semi-submersible drilling rig Nordic 2020-12-29 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 Singapore-based offshore yard Keppel FELS has terminated a US$425 million (S$567.3 million) contract with Awilco Drilling to build semi-submersible drilling rig Nordic Spring, due to Awilco’s failure to make its second installment payment due in March 2021, said Keppel Corporation last Friday (4 December).. It was reported earlier on that Awilco had ordered two semi-submersible drilling rigs A new layer has been added to the bitter feud between Awilco Drilling and rig builder Keppel FELS, with a second arbitration process on the cards. by Mark Lammey 04/12/2020, 5:33 pm Updated: 04/12 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." 2020-12-05 UK offshore drilling contractor Awilco Drilling has exercised an option to order its second harsh-environment semi-submersible drilling rig from Keppel in Singapore for a price of $425 million. 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. 2020-12-06 By The Maritime Executive 02-01-2021 04:47:00.
Awilco Drilling PLC is a North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs. The company currently owns and operates two refurbished and enhanced UK compliant 3rd generation drilling rigs, the WilPhoenix and the WilHunter. Awilco Drilling is moving to recoup millions of pounds over a cancelled contract for a new rig build with Keppel FELS as the dispute between the two firms deepens. by Allister Thomas 29/12/2020, 7 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, 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.
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 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 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.
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
These were first such orders after the previous oil price collapse. Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore’s Keppel due to a “breach of contract“ and is seeking a refund. This comes following Keppel terminated the construction contract for the same – Nordic Spring semi-submersible drilling rig – and serving Awilco with a notice of arbitration.
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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.
Rig company Awilco takes new step in dispute with Keppel. Rig operator Awilco Drilling has now terminated a contract with shipyard Keppel for the construction of a rig, and the company wants a large million-dollar refund. The Singapore-based yard had already canceled the contract. 2020-12-30 · 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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Awilco Rig 2 Pte. Ltd. (“AR2”), a wholly owned subsidiary of Awilco Drilling PLC (“Awilco Drilling”), has notified Keppel FELS Limited (“KFELS”)
by Mark Lammey 04/12/2020, 5:33 pm Updated: 04/12 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." 2020-12-05 UK offshore drilling contractor Awilco Drilling has exercised an option to order its second harsh-environment semi-submersible drilling rig from Keppel in Singapore for a price of $425 million. 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. 2020-12-06 By The Maritime Executive 02-01-2021 04:47:00. The CEO of offshore operator Awilco Drilling has stepped down from his post, citing the company's ongoing dispute with Keppel over two offshore rig Reference is made to the stock exchange releases by Awilco Drilling PLC (“the Company”) on 27 and 28 February 2018 regarding the successfully completed private placement. The Company is pleased to announce that its fully owned subsidiary Awilco Rig 1 Pte. Ltd. on 9 March 2018, signed a contract with KeppelFELS shipyard in Singapore for the building of one new CS60 ECO MW semisubmersible Awilco Drilling terminates semi-sub rig contract at Keppel. North Sea-focused company alleges certain breaches relating to the project management, schedule, resourcing and compliance. Keppel denies the allegations and says it is considering legal options and evaluating potential financial impact in consultation with its advisers.