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.
