Well-Safe Solutions has today taken delivery of the WilPhoenix oil rig into its fleet.
Well-Safe Solutions adding 100 jobs after agreeing £12.4m deal to buy WilPhoenix from Awilco Drilling
Dozens of roles are to be added to Well-Safe Solutions after the company struck a multi-million pound deal to buy a semi-submersible rig.
Awilco Drilling has announced it will scrap the WilHunter oil rig after lying idle for nearly six years in the Cromarty Firth.
Ithaca Energy’s oil find at Fotla has been described as a “ray of light” for UK exploration, in what has otherwise been a tough year.
Ithaca Energy has started drilling work at its Fotla project in hopes of boosting barrels via its Alba field.
Rig contractor Awilco said today it would drill an exploration well in the UK North Sea for Ithaca Energy.
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.
Bosses at Serica said today that work to bring a third well at the Rhum field into production has run into “frustrating” and costly delays.
Awilco Drilling has sunk to losses of £10.6million in the first half of 2020 amid separate disputes with rig builder Keppel Fels and HMRC.
A pair of oil rigs lying idle in Invergordon sank Awilco Drilling to losses of £7.5million in the first quarter of 2020.
Petrofac has deferred an £11million decommissioning contract for Aberdeen-headquartered Awilco Drilling.
Awilco Drilling has signed a letter of intent with Serica Energy for the provision of WilPhoenix for a one well workover on the Rhum field.
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.