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

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.

Island Drilling Company is pleased to announce that Island Innovator has successfully wrapped up two P&A programs for Repsol on the Casablanca field offshore Tarragona in the Mediterranean. These programs kicked off in mid-November 2025 and concluded at the end of January, ahead of schedule and cost.

As the year comes to a close, we want to express our heartfelt gratitude to all our employees and partners for your dedication, trust, and collaboration. Together, we’ve achieved great things in 2024.

We are proud to announce that we have achieved ISO 45001 certification, marking a significant milestone in our commitment to occupational health and safety. This certification is a testament to our dedication to creating a safe and healthy work environment for all our employees.

Island Drilling Company is pleased to announce the successful completion of its recent contract with Tullow Oil. The operations, conducted in Mauritania from August 16th to October 15th, were carried out in water depths ranging from 208 meters to 1200 meters using dynamic positioning (DP) alone.

Island Drilling Company AS announces that Island Innovator has commenced the 2024 abandonment campaign in Mauritania for Tullow Oil.