CONTRACT SIGNED WITH TRIDENT ENERGY

Island Drilling Company is thrilled to announce that we have signed a contract with Trident Energy to provide the Island Innovator drilling unit and associated services for the offshore Equatorial Guinea drilling campaign. The work is planned to start in September/October of 2023.

The work is for 2 firm and 5 optional wells and is estimated to be 250 days if all the options are exercised.

This will be the third project for Island Drilling Company in Africa since the rig was warm stacked at the beginning of 2020.

“We are very pleased to be selected by Trident as their first choice to provide drilling services in a market with several available semisubmersibles. We believe the performance we have shown with the wells in the UK has been noticed. It is our opinion the operators see that it does not always pay off to use the biggest and most expensive rigs. We live for smart solutions and will make sure to deliver beyond expectations.” Says CEO, Roger Simmenes.

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3rd OPTION EXERCISED BY TRIDENT ENERGY

Trident Energy has exercised one more option with Island Innovator. This is the third option being exercised and this option adds another 40 days to the contracted work. This optional work is on behalf of another operator in Equatorial Guinea.

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OPTIONS EXERCISED BY TRIDENT ENERGY

Trident Energy has exercised two options with Island Innovator. The two options add another 85 days to the contracted work. The optional work is for development drilling and workover in Equatorial Guinea.

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