Dubai’s Shelf Drilling, Ltd. has secured new contracts for 2 jack-up rigs in Nigeria.
Shelf Drilling has totally executed a three-year contract for the Shelf Drilling Achiever jack-up rig for operations offshore Nigeria. The deliberate begin of operations is October, and the contract additionally contains an possibility for as much as two years at charges to be mutually agreed, the corporate stated in a information launch.
As well as, Shelf Drilling has secured a two-year extension for the Adriatic I jack-up rig starting in February 2025 in direct continuation of the rig’s present contract in Nigeria, plus an extra one-year possibility.
- Advertisement -
The mixed contract worth for the five-year complete agency interval added for the 2 rigs, excluding mobilization and demobilization income, is $234 million, in response to the discharge.
Shelf Drilling CEO Greg O’Brien stated, “These contracts in Nigeria contribute vital backlog and income visibility for Shelf Drilling in 2025 and past. We look ahead to delivering continued robust security and working efficiency with the Adriatic I following a few years of steady exercise in Nigeria and efficiently bringing the Shelf Drilling Achiever into operations later this month”.
In September, Shelf Drilling secured a contract for the Shelf Drilling Mentor overlaying 10 wells and an estimated period of 450 days in direct continuation of the rig’s present marketing campaign in Nigeria with a contract worth of $60 million.
The Shelf Drilling Achiever rig was dropped at West Africa on a dry transport provider. The corporate additionally mobilized the Predominant Cross IV rig utilizing the identical dry transport provider.
O’Brien stated in a separate assertion, “We’re more than happy with these two awards, which construct on our main place in West Africa and exhibit the energy of this market. These awards additional help our choice to mobilize the 2 rigs from the Center East, and we’re assured that operations for the Predominant Cross IV may also begin shortly after the rig’s arrival”.
In the meantime, Shelf Drilling accomplished the sale of its Baltic jack-up rig for $60 million.
In keeping with a separate information launch, the client intends to deploy the rig on a multi-year, plug and abandonment (P&A) program in Malaysia, and Shelf Drilling has agreed to supply rig administration and operations help to the client for the upcoming P&A marketing campaign. The client’s identify was not disclosed.
In June, the Baltic jack-up rig accomplished its contract in West Africa.
Shelf Drilling describes itself as a number one worldwide shallow water offshore drilling contractor with rig operations throughout the Center East, Southeast Asia, India, West Africa, Mediterranean and North Sea. The corporate was based in 2012 and “has established itself as a pacesetter inside its trade by means of its fit-for-purpose technique and shut working relationship with trade main shoppers,” it stated.
In April, Shelf Drilling acquired notification from a Center Jap buyer concerning the suspension of the operations of 4 jack-up rigs. The client was not disclosed by the corporate.
To contact the writer, e mail rocky.teodoro@rigzone.com
What do you suppose? We’d love to listen to from you, be a part of the dialog on the
Rigzone Power Community.
The Rigzone Power Community is a brand new social expertise created for you and all power professionals to Converse Up about our trade, share information, join with friends and trade insiders and interact in an expert group that may empower your profession in power.
