The Dubai-headquartered and Oslo Stock Exchange-listed offshore drilling contractor Shelf Drilling, Ltd. (Shelf Drilling) has secured a one-year contract extension for the Shelf Drilling Tenacious jack-up rig for drilling operations offshore West Africa.
The extension will begin in direct continuation of the rig’s current contract running since January 2022 with Cabinda Gulf Oil Company offshore Angola, a wholly owned subsidiary of Chevron, and extending the commitment now until February 2027 with the customer having an option for an additional year thereafter.
Shelf Drilling states that the total added contract value for the firm term is approximately $50m.
