Awilco Drilling made pre-tax profits of £3.64million during the three months to June 30, the Aberdeenshire-based rig operator's latest accounts show, against losses of £12.36million a year earlier.
China Oilfield Services Limited's fourth deepwater semisubmersible drilling rig, the COSL Prospector, is being built at CIMC Raffles' yard in Yantai, China.
Dana Petroleum, the Aberdeen-based oil and gas operator, said yesterday it had secured semisubmersible rigs to drill a further two exploration wells in the same area as its recent significant oil discoveries at West Rinnes and East Rinnes, north-east of Shetland.
