Shelf Drilling, Ltd. announced new contracts for two jack-up rigs in Nigeria.
With reference to the press release dated September 6, 2024 regarding the award in West Africa, the company has now fully executed a three-year contract for the Shelf Drilling Achiever jack-up rig for operations offshore Nigeria.
The planned start-up of operations is October 2024, and the contract also includes an option for up to two years at rates to be mutually agreed. In addition, Shelf Drilling has secured a two-year extension for the Adriatic I jack-up rig commencing February 2025 in direct continuation of the rig's current contract in Nigeria, plus an additional one-year option.
The combined contract value for the five-year total firm period added for the two rigs, excluding mobilization and demobilization revenue, is USD 234 million.
Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across Middle East, Southeast Asia, India, West Africa, Mediterranean and North Sea. Shelf Drilling was founded in 2012.