News

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

Eco (Atlantic) Oil and Gas Ltd. has awarded Island Drilling Company AS a contract for drilling the Gazania-1 well in South Africa. The work is planned to commence in Q4 2022.

The Gazania-1 well is located in the Orange Basin in South Africa. The Orange Basin straddles the offshore waters of Namibia and South Africa, where major discoveries on both the Graff-1 well, drilled by Shell, and the Venus-1 well, drilled by TotalEnergies, have recently been announced.

This contract will fill the gap of work between Petrofac in the UK and Maersk Decom in Mauritania.

“We have been in dialog regarding this contract for a long time and we are happy to finally sign this contract. This will make the Island Innovator fully occupied during 2022.” says CEO Roger Simmenes of Island Drilling Company.