Awilco Drilling has announced that its fully owned subsidiary Awilco Rig 2 Pte. Ltd., on March 22, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semisubmersible drilling rig.

The rig is designed for harsh environment use, and will be equipped and certified for drilling on the Norwegian Continental Shelf, including in the Barents Sea, in water depths up to 5,000 ft (1,524 m).

The cost for the rig delivered from the yard in Singapore is approximately $425 million. Delivery is planned for late first-quarter 2022. The company also has options to build up to two further additional rigs of similar design, such options to be independent of each other.

In addition to the newbuilding contract announced above and the first CS60 ECO MW currently under construction, Awilco Drilling Plc owns and operates the two Enhanced Pacesetter semisubmersibles WilPhoenix and WilHunter, equipped for drilling in water depths up to 1,200 ft and 1,500 ft respectively.