Trident Energy still have two more options that may be exercised. The newly exercised option will keep the Island Innovator engaged in Equatorial Guinea for approximately 230 days.
Island Innovator is working for Dana Petroleum in the UK before it will start its preparation for the work in Equatorial Guinea.
“This extension continues our relationship and enables us to become even more efficient and serve our customers’ evolving needs. We look forward to continuing our work with Trident Energy in Equatorial Guinea” says Island Drilling Company CEO, Roger Simmenes.
About Trident Energy
Established in 2016, Trident Energy is an international oil and gas company specializing in midlife producing assets. It operates and produces in two countries— Equatorial Guinea, where it acquired assets in 2017, and Brazil, where it acquired assets in 2020. Trident Energy’s operations and strategy of unlocking existing value in established assets are supported by its two largest shareholders, leading private equity firms – Warburg Pincus and Quantum Energy Partners.
Website: Trident Energy (trident-energy.com)