Brief: Awilco Drilling Q4 Net Loss At USD 141.1 Mln

Awilco Drilling

10/02/2021 06:38

Feb 10 (Reuters) - Awilco Drilling PLC  AWDR.OL :
    * Q4 CONTRACT REVENUE OF USD 8.6 MILLION (USD 10.6 MILLION
Q3),
ADJUSTED EBITDA OF USD 2.6 MILLION LOSS (USD 1.7 MILLION
POSITIVE IN Q3)
    * Q4 NET LOSS OF USD 141.1 MILLION, (USD 1.0 MILLION LOSS IN
Q3)
    * CONTRACT BACKLOG AT END OF Q4 WAS APPROXIMATELY USD 15.0
MILLION
(USD 15.2 MILLION Q3)
    * MARKET OUTLOOK: CONVENTIONAL UK DRILLING RIG DEMAND IN
2021
REMAINS SOMEWHAT LIMITED
    * MARKET OUTLOOK: LONGER-TERM UK PLUG & ABANDONMENT MARKET
CONTINUES TO FIRM UP AS OPERATORS CLARIFY THE TIMING OF FUTURE
RIG DEMAND FROM 2022, 2023 AND BEYOND

Source text for Eikon:  ID:nGNE7VsVHk 
Further company coverage:  AWDR.OL 

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