Awilco Drilling has reported a set of losses as one of its two rigs has remained unused for nearly four years running.
North Sea driller Awilco stayed in the red in its first quarter results as the hunt for work continues for one of its two rigs.
Westwood Global Energy reports that just one exploration well was active on the UKCS at the end of February, with no change since the end of last month. In addition, one exploration has now completed in 2018.
Awilco Drilling has confirmed its semi-submersible WilPhoenix has resumed operations with operator Apache after the two companies settled a dispute.
Awilco Drilling and operator Apache are at loggerheads over the yard stay for Awilco's drilling rig WilPhoenix.
Awilco Drilling has seen profits increase in the third quarter of 2015, but warned rig layup was likely to increase next year.