Awilco Drilling has decided to recycle its 1983-built semisub drilling rig WilHunter, currently cold stacked in Invergordon.
“Recycling options are being pursued,” the company said during its Q3 earnings call.
“The unit hasn’t worked for a long period of time, and we think now is the right time to recycle the unit in an environmentally responsible fashion,” the company said, adding it could gain around $1m – $1.5m based on the recent increase of scrap values.
In addition to WilHunter, Awilco owns the 1982-built semi WilPhoenix, which is currently warm stacked in Invergordon following its contract with Ithaca.
Source: Awilco
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