acquired by china oilfield services founded 2005 defunct 2008 headquarters oslo norway key people henrik fougner president and ceo sigurd thorvildsen chairman of the board revenue usd 189 million 2007 operating income usd 70.3 million 2007 profit usd 26.2 million 2007 number of employees 47 2007 website www.awo.no awilco offshore was a norwegian drilling rig owner . in 2008 the company operated five jackup rigs and two semi submersible accommodation rigs with several others on order . awilco was founded in 2005 headquartered in oslo and was listed on the oslo stock exchange . operation of its rigs was done by the company premium drilling owned by awilco and sinvest . the company was acquired by china oilfield services in 2008 and merged into its existing operations . history edit the company was founded in february 2005 when it took over the offshore rig assets of anders wilhelmsen group and at the same time acquiring nok 1 billion in new capital . in august 2005 awilco bought 20.7 % of petrojack and at the same time performed a new capital expansion . in december 2005 awilco merged with offshore rig services taking over the company while issuing new shares to the offshore rig services owners . takeover edit the company accepted a 2.5 billion acquisition offer from industry peer china oilfield services on 7 july 2008 . 1 the deal was approved by the china securities regulatory commission in september 2 and a compulsory acquisition of outstanding shares was completed that november . 3 awilco offshore was fully integrated into the firm s local subsidiary cosl norwegian as . references edit flaherty michael ; hua judy 7 july 2008 . china oilfield to buy awilco for 2.5 bln . reuters . retrieved 2008 07 07 . wallis keith 19 september 2008 . china oilfield to seal awilco deal as final nod is given . lloyd s list . retrieved 2008 10 18 . china shares outlook slightly higher after wall st rally commodities gains . afx news . forbes . 4 november 2008 . archived from the original on 4 june 2011 . retrieved 11 february 2010 . this norwegian corporation or company article is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title awilco offshore & oldid 738555677 categories companies of norwaydrilling rig operatorscompanies established in 2005companies disestablished in 2008norwegian company stubshidden categories all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschnorsk bokm l edit links this page was last modified on 9 september 2016 at 17 34 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view