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Ongoing Recovery Operations for Collapsed Rig 110

Heritage Petroleum Company Limited is actively supporting Well Services Petroleum Company Limited in their ongoing salvage and recovery operations for Rig 110, which partially collapsed on 22nd December 2024, resulting in the disappearance of Mr. Pete Phillip. The operations, which started on 8th November 2025, are being executed in phases. The formal salvage element (Phase One) was completed on 21st November 2025, and currently, recovery operations (Phase Two) are underway with all necessary regulatory approvals and safety measures in place. The search for Mr. Phillip remains a key focus of these operations, although so far, divers have been unable to locate his remains. The family of Mr. Phillip continues to be updated regularly on the progress of the operations.

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