Westhill-based offshore drilling firm Awilco Drilling has reported an increase in revenue in the first quarter of 2018.
The company, who own and operate two semi-submersible drilling rigs, released Q1 figures this morning stating a Q1 contract revenue of £24.9 million, up from £23.3 million from the same period in 2017.
Awilco Drilling also saw a £400,000 increase in profit from last year, reporting £14.6 million in Q1 2018 from £14.2 million in Q1 2017.
The drilling firm own and operate the WilPhoenix semi-submersible rig which is currently working as part of Apache North Sea in the Val d’Isere field before moving to the Garten field.
WilHunter, Awilco’s second rig, is currently cold staked in Invergordon.
The company confirmed that it has also ordered a new build rig, designed to deal with harsh environments.