Awilco Offshore to drill two wells offshore Libya.Summary: Awilco Offshore Awilco Offshore (OSE: AWO) is a Norwegian drilling rig owner. The company operates two jackup rigs and hase another six under construction in addition to three submerisible rigs under construction. The company was founded in 2005 and is listed on the Oslo Stock Exchange. through Premium Drilling has received a Letter of Intent from an international operating company operating companyA business that engages in transactions with outsiders. for a drilling program of two firm wells plus one optional well for the jack-up drilling rig WilForce. Awilco Offshore through Premium Drilling has received a Letter of Intent from an international operating company for a drilling program of two firm wells plus one optional well for the jack-up drilling rig WilForce. The firm period of the contract is estimated to 180 days. The LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items and subsequent contract is subject to approval of Libya's National Oil Company. The estimated contract value for the firm period of the contract is USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 36.5 mill. Operation is scheduled to commence between mid-December 2008 and early March 2009 and in direct continuation of the rig's present commitment with Repsol Exploration Murzuq S.A which is also in Libya.a WilForce is equipped for high pressure/ high temperature drilling in water depths up to 375ft. Copyright A[umlaut umlaut (  m`lout) [Ger.,=transformed sound], in inflection, variation of vowels of the type of English man to men. ] UMCI News
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