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. 09 Jun 2020.

2021-02-01

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. 09 Jun 2020.

Natsteel. Overseas Chinesa Banking. bolaget Oriflame med stor exponering mot den ryska marknaden och Awilco ett offshorebolag Diamond Offshore Drilling. US. 809 Keppel Corp.

ryska marknaden och Awilco ett offshorebolag som stigit p.g.a. uppköpsrykten. Devon Energy Corporation Diamond Offshore Drilling Encore Acquisition Co Company Itochu Corp JGC Corp Keppel Corp Kone Corporation Kubota Corp

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.

Norway’s Awilco Drilling has served notice to Singapore yard Keppel FELS that it has terminated the newbuilding contract between the two companies for semi-submersible drilling rig Nordic Winter

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. Awilco Drilling PLC is a North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible rigs.

2020-06-08 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 rig is designed for harsh environment use, and will be equipped and certified for drilling on the Norwegian Continental Shelf Offshore staff. ABERDEEN, UK – Awilco Drilling subsidiary Awilco Rig 2 (AR2) has exercised its termination right concerning construction of the new semisubmersible drilling rig, Nordic Spring.. The company has notified Keppel FELS (KFELS) of its decision, citing breaches under the … Rig company Awilco takes new step in dispute with Keppel.
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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.

The company currently owns and operates two refurbished and enhanced UK compliant 3rd generation drilling rigs, the WilPhoenix and the WilHunter. Keppel FELS has continued to perform its obligations under the Contract. 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.
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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

'keppel rejects awilcos contract termination' Dette er vel ganske dårlig nytt? Frigstad Group | 9 964 följare på LinkedIn. The Frigstad Group has operated within the offshore drilling industry for more than 25 years. Our group is privately has received a notice from Keppel FELS to suspend works under the drilling Keppel FELS and Awilco Drilling, which was recently terminated by Keppel Köp aktier i Awilco Drilling - enkelt och billigt hos Avanza Bank.

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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.

2020-12-07 2021-02-01 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. 2020-06-09 2021-02-10 2020-12-30 Keppel FELS rejects contract termination request from Awilco Drilling The company denies allegations on breaches. Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine (KOM), has denied allegations by wholly-owned subsidiary of Awilco Drilling PLC, Awilco Rig 1, purporting to terminate the contract for the construction of a drilling rig worth about $590.71m (US$425m). Keppel FELS has assessed that the Awilco Drilling unit it signed the contract with will not be able to make its second instalment payment due in March 2021. The parties had entered the contract in March 2019. This marks the second instance of a contract between Keppel FELS and Awilco being terminated. Awilco Rig 2 (AR2), a wholly owned subsidiary of Awilco Drilling, has notified Singapore-based shipbuilder Keppel FELS that it has exercised its contractual termination right under the newbuilding contract between Keppel FELS and AR2 for the construction of the semi-submersible drilling rig Nordic Spring..

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.

Keppel denies the allegations and says it is considering legal options and evaluating potential financial impact in consultation with its advisers. 09 Jun 2020. Namely, Awilco last year ordered a semi-submersible drilling rig from Keppel, and the shipyard, in turn, ordered the drilling package for this rig from MHWirth. If all goes to plan, Keppel will deliver the rig to Awilco in the first quarter of 2021. Following the first rig order last year, Awilco in March 2019 ordered a second rig from Keppel. 2020-12-07 2021-02-01 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.

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." Bak Awilco Rig 2 Pte. ltd.