Shelf Drilling, Ltd. (“Shelf Drilling”, SHLF)
announced that it has received a notification from customer on early termination of the contracts for the High Island VII and Compact Driller jack-up rigs. The contract end date for both rigs
has been updated to August 2021. The original contract end dates for the High Island VII and
Compact Driller were February 2023 and June 2022, respectively.