Shelf Drilling, Ltd. announced that it has secured contract extensions for the Shelf Drilling Chaophraya and Shelf
Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production, Ltd. for operations
offshore Thailand. Both extensions are for a firm period of two-years. The combined contract value for
the incremental firm term is approximately USD 197 million. The contract extensions will commence
in the second half of 2025 in direct continuation of the rigs’ current commitments.
Greg O’Brien, CEO, commented: “These rigs were custom built with unique offline capabilities for
Chevron’s factory-style operations in the Gulf of Thailand. We thank Chevron for their continued trust
in Shelf Drilling as we work together to achieve operational excellence."
