Shelf Drilling Secures 10-year Contract Extension on the High Island IX

Source: www.gulfoilandgas.com 5/6/2021, Location: Middle East

Shelf Drilling, Ltd. has secured a ten-year contract extension for the High Island IX jack-up rig in direct continuation of its current contract in the Arabian Gulf. The contract dayrate allows for annual rate adjustments based on the previous 12-month average Brent crude oil price. Following this extension, the expected availability of the rig is June 2031.


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