PRESS RELEASE – CONTRACT AWARD BY ECO (ATLANTIC) OIL AND GAS LTD.

Island Drilling Company AS is pleased to announce the successful recertification of its management systems to ISO 9001 (Quality Management), ISO 14001 (Environmental Management), and ISO 45001 (Occupational Health and Safety Management).

The Norwegian Ocean Industry Authority (Havtil) has granted Equinor consent to use Island Innovator for the temporary and permanent plugging and abandonment of five wells on the Åsgard field in the Norwegian Sea.

Island Drilling Company is pleased to announce that the Island Innovator has officially commenced operations under a three year Permanent Plug & Abandonment (PP&A) contract for Equinor on the Norwegian Continental Shelf. This marks an important milestone in our collaboration with Equinor and represents a significant step forward in our continued focus on high quality, efficient, and safe PP&A operations.

The Norwegian Ocean Industry Authority (Havtil) has granted Equinor consent to use Island Innovator for the permanent plugging of wells on the Heidrun field.

Petro.no has published an article about Island Innovator and its upcoming contract with Equinor. The scope of work for the rig is taking shape while it is currently at Hanøytangen being prepared for at least three years of operations for the operator.

Island Drilling Company AS is pleased to announce that it has been awarded a significant contract with Equinor for Permanent Plug & Abandonment (PP&A) work on the Norwegian Continental Shelf. The contract will commence in the first quarter of 2026.