OPTIONAL WORK EXERCISED BY PETROFAC

Petrofac has exercised its contracted rig hire option on one (1) further well as Well Management Contractor for the Tullow P&A campaign on PSC-A Banda and PSC-B Tiof Wells offshore Mauritania. The total work is now for five (5) well re-entries.

The optional well is the Banda-1 subsea exploration well and is estimated to be twenty (20) days for completing Petrofac’s plug and abandonment operations.

Island Drilling Company is very pleased to continue to add backlog to Island Innovator and further extend the relationship with Petrofac.

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CONTRACT AWARD WITH DANA PETROLEUM (E&P) LIMITED

Island Drilling Company is pleased to announce that we have signed a contract with Dana Petroleum (E&P) Limited to provide the Island Innovator drilling unit and associated services for a work program in the UK in 2023. The commencement is in April 2023.

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