The Dubai-headquartered and Oslo Stock Exchange-listed offshore drilling contractor Shelf Drilling, Ltd. (Shelf Drilling) has secured a one-year extension for the jack-up rig “Rig 141” in direct continuation of its current contract for operations in the Gulf of Suez, offshore Egypt.
The total estimated value for the additional one-year fixed firm term is approximately $23m. Following this extension, the expected availability of the rig is February 2027, as Shelf Drilling states.
Furthermore, a subsidiary of Shelf Drilling (North Sea), Ltd. (Shelf Drilling North Sea) has secured a new contract for its premium jack-up rig “Shelf Drilling Fortress” for operations in the UK Continental Shelf (UKCS).
The contract is for one firm well with an estimated duration of three months, and a total value of approximately $12m, with operations expected to commence in late August or early September 2025.
“This award reflects continued demand for our high-specification rigs and our strong track record of safety and operational excellence. We remain focused on securing additional work to maximize fleet utilization across key regions,” says Greg O’Brien, CEO of Shelf Drilling Ltd.
