SUCCESSFUL OPERATIONS WITH TULLOW OIL COMPLETED

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.

WORK COMMENCED IN MAURITANIA

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

STATEMENT FROM ISLAND DRILLING

Island Drilling disputes the termination of the drilling contract with Trident Equatorial Guinea Inc on 8th February 2024.

3rd OPTION EXERCISED BY TRIDENT ENERGY

Trident Energy has exercised one more option with Island Innovator. This is the third option being exercised and this option adds another 40 days to the contracted work. This optional work is on behalf of another operator in Equatorial Guinea.

OPTIONS EXERCISED BY TRIDENT ENERGY

Trident Energy has exercised two options with Island Innovator. The two options add another 85 days to the contracted work. The optional work is for development drilling and workover in Equatorial Guinea.

ISLAND INNOVATOR IN TRANSIT

Island Drilling Company has temporarily left Mauritania and Tullow Oils to sail to Hanøytangen, Norway to prepare for our next contract with Dana Petroleum in the UK.