Awilco Drilling PLC: Awilco Drilling fortsätter sitt - naxs.se

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Keppel Awilco Offshore. (Energiutvinningsutrustning Songa Drilling. 102 750. 2 209. 2 209.

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by Allister Thomas 29/12/2020, 7 2020-06-09 · 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.” Offshore drilling company Awilco Drilling has terminated an offshore rig construction deal with Keppel, citing a breach of contract. Awilco said Monday that its subsidiary Awilco Rig 1 (AR1) had notified Singapore-based Keppel FELS that it had exercised its contractual termination right under a newbuilding contract between KFELS and AR1 for the construction of a semi-submersible drilling rig Awilco Drilling PLC is a North Sea Drilling Contractor, owning and operating Harsh Environment Semi-Submersible 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. 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.

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Singapore-based offshore yard Keppel FELS has terminated a US$425 million (S$567.3 million) contract with Awilco Drilling to build semi-submersible drilling rig Nordic Spring, due to Awilco’s failure to make its second installment payment due in March 2021, said Keppel Corporation last Friday (4 December). UK offshore drilling contractor Awilco Drilling has exercised an option to order its second harsh-environment semi-submersible drilling rig from Keppel in Singapore for a price of $425 million. It has also decided to name a new CEO. The rig will be built to Moss Maritime’s CS60 ECO MW design and is expected to be delivered in March 2022. Keppel har forkastet anklagene fra Awilco Drilling og motsatt seg termineringen av kontrakten, og inkluderer altså nå en tredjepart for å forsøke å løse tvisten.

'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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Likevel argumenterer verftet Keppel FELS i Singapore med at selskapet som har bestilt riggen ikke vil være istand til å betale det andre avdraget som forfaller i mars neste år. This comes following Keppel terminated the construction contract for the same – Nordic Spring semi-submersible drilling rig – and serving Awilco with a notice of arbitration. At the time, Keppel also stated that it would Keppel retain the $43 million already paid by Awilco for the rig and seek reimbursement of Keppel’s costs of the project up to the date of termination.

2020-12-05 · 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. 2020-06-23 · On June 8, Awilco initially notified Keppel that it had exercised its right terminate the newbuilding contract for the construction of a semi-submersible drilling rig, Nordic Winter, because of 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.
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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.