Shelf Drilling secures contract extension on rig 141 in Egypt
Published by Jack Roscoe,
Editorial Assistant
Oilfield Technology,
Shelf Drilling has announced that it has secured a two-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez, offshore Egypt.
The total estimated value for the contract extension is approximately US$51 million. One year of the extension will be farmed out to Petrogulf Misr. Following this extension, the expected availability of the rig is February 2026.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/04032024/shelf-drilling-secures-contract-extension-on-rig-141-in-egypt/
You might also like
Africa needs US$375 billion to develop natural gas sector, says Society of Petroleum Engineers (SPE)
With 17 high impact wells completed in 2025, Africa will need significant investment to support natural gas demand in the near-medium term.