Brief: Awilco Drilling: Termination Of Vessel Construction Contract
08/06/2020 15:19
June 8 (Reuters) - Awilco Drilling PLC AWDR.OL :
* REG-AWILCO DRILLING PLC: NORDIC WINTER - TERMINATION OF
VESSEL
CONSTRUCTION CONTRACT
* AWILCO RIG 1 PTE. LTD. NOTIFIED KEPPEL FELS LIMITED THAT
IT HAS
EXERCISED ITS CONTRACTUAL TERMINATION RIGHT UNDER A NEWBUILDING
CONTRACT BETWEEN KFELS AND AR1 FOR CONSTRUCTION OF A
SEMI-SUBMERSIBLE DRILLING RIG
* VESSEL CONSTRUCTION CONTRACT PROVIDES THAT ON TERMINATION
AR1
WILL BE ENTITLED TO A REFUND OF INSTALMENTS PAID TO KFELS OF USD
54,720,985 PLUS ACCRUED INTEREST
Source text for Eikon: ID:nGNE208PkT
Further company coverage: AWDR.OL
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