Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF)
announced today that it has secured a five-year contract for the Harvey H. Ward jack-up rig for
operations in the Arabian Gulf. The contract value for the firm period, including mobilization
revenue, is approximately USD 192 million. The contract also includes a two-year option, and the
planned start-up of operations is late-March 2023. Prior to commencement, the Harvey H. Ward
jack-up is scheduled to complete an upgrade and contract preparation project in the United Arab
Emirates.
David Mullen, Chief Executive Officer said:
“This award in the Middle East further demonstrates our customers’ confidence in Shelf Drilling to
deliver safe and efficient operations and also represents an attractive opportunity for us to expand
our footprint in this growing region, which will benefit the Company and all stakeholders.”
