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.

The work is for 3 firm and 1 optional well. The firm work is estimated to 80 days and the optional work is estimated to be 30 days. The total contract value is estimated to 30 MUSD.

This is the second contract Island Drilling Company has signed with Dana Petroleum (E&P) Limited.

“Dana Petroleum was our first customer after a long yard stay during Covid. Even after the layup period, the operation was very efficient and we take this as a complement to our excellent crew and their performance.We are very pleased to be selected by Dana once again. It is our opinion the operators see that our type of rig gives the operator the best total cost of ownership.We will do our outmost to deliver beyond expectations.” Says CEO, Roger Simmenes.

About Island Drilling

Island Drilling was established in 2006 by industry veterans and Island Offshore, the leading global player in well intervention, to build and own special purpose semi-submersible rigs for heavy well intervention operations, including coil tubing operations, through tubing rotary drilling (TTRD).

About Dana Petroleum

Dana Petroleum Limited is an exploration and production company with operations and interests in the UK, the Netherlands and Egypt. We are a wholly owned subsidiary of the Korea National Oil Corporation.