Awilco Drilling (OSL:AWDR) good and bad news
The good news is the announcement of a new 400-day contract with Hess for the semi WilHunter, at a dayrate of USD$360k, implying an annual EBITDA of around US$95m for this 30 year old rig it doesnt owe much. The work related to Hess 2013 and 2014 abandonment program in the Central North Sea. The firm contract duration is 400 days with a contract value of approximately US$144 million.
Leading Oslo broker Pareto…
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