Worldwide shallow water offshore drilling contractor Shelf Drilling Ltd. has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs from Chevron Thailand Exploration and Manufacturing Ltd.
Each extensions are for 2 years, Shelf Drilling stated in a media launch. The mixed contract worth for the incremental agency time period is roughly $197 million. The contract extensions will begin within the second half of 2025 in direct continuation of the rigs’ present commitments, the corporate stated.
“These rigs have been custom-built with distinctive offline capabilities for Chevron’s factory-style operations within the Gulf of Thailand”, Greg O’Brien, Shelf Drilling CEO, commented.
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Individually, Shelf Drilling not too long ago obtained an Acknowledgement of Compliance (AoC) from the Norwegian Ocean Trade Authority (Havtil) for the Shelf Drilling Barsk jack-up rig. The unit has been cleared to begin operations within the coming weeks below a contract with Equinor.
“As we strategy contract graduation within the coming weeks, our focus is to finish our buyer’s remaining rig acceptance course of and begin operations in a protected and environment friendly method”, O’Brian stated.
The rig initially secured work from Equinor within the Gudrun area within the Norwegian Continental Shelf. Nonetheless, in June, Shelf Drilling obtained a discover from Havtil that its utility for an AoC for the Shelf Drilling Barsk jack-up rig had not been accepted, which delayed its begin of operations for Equinor.
To contact the writer, e mail andreson.n.paul@gmail.com
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