Shelf Drilling announces new contracts in West Africa
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
Shelf Drilling Ltd has announced new contracts for two jack-up rigs in Nigeria. The planned start-up of operations is October 2024, and the contract also includes an option for up to two years at rates to be mutually agreed.
In addition, Shelf Drilling has secured a two year extension for the Adriatic I jack-up rig commencing February 2025 in direct continuation of the rig’s current contract in Nigeria, plus an additional one year option. The combined contract value for the five year total firm period added for the two rigs, excluding mobilisation and demobilisation revenue, is US$234 million.
Greg O’Brien, Chief Executive Officer, said, “These contracts in Nigeria contribute significant backlog and revenue visibility for Shelf Drilling in 2025 and beyond. We look forward to delivering continued strong safety and operating performance with the Adriatic I following many years of continuous activity in Nigeria and successfully bringing the Shelf Drilling Achiever into operations later this month.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/14102024/shelf-drilling-announces-new-contracts-in-west-africa/
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