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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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.

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3rd OPTION EXERCISED BY TRIDENT ENERGY

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