Awilco issued their Q1 report, here are the highlights:
-
Awilco Drilling PLC reports contract revenue of USD 12.6 million (USD 8.6 million Q4), EBITDA of USD 3.7 million (USD 2.6 million loss in Q4) and a net profit of USD 1.3 million, (USD 152.9 million loss in Q4).
-
Revenue efficiency was 87.5% during the quarter (54.1% in Q4)
-
Operational uptime was 95.9% during the quarter (81.8% in Q4)
-
Contract backlog at the end of Q1 was approximately USD 8.0 million (USD 15.0 million Q4)
Operations and Contract Status
WilPhoenix
In Q1 2021 the WilPhoenix was in continued operation for Serica at the Rhum location where it remained until after the end of the quarter. Revenue efficiency was 87.5% and contract utilization was 100%. At the end of March, WilPhoenix had a total remaining contract backlog of approximately USD 8.0 million.
WilHunter
During Q1 2021 the WilHunter was cold stacked in Invergordon.
Source: Awilco Drilling
Join our mailing list here
