Four Shelf jackups get Middle East contract extensions

Shelf Drilling has gained long-term contract extensions for four of its jackups working offshore the Arabian Peninsula.

The jackup drilling rig High Island II.
The jackup drilling rig High Island II.
(Courtesy Shelf Drilling)

Offshore staff

DUBAI, UAEShelf Drilling has gained long-term contract extensions for four of its jackups working offshore the Arabian Peninsula.

The High Island II, High Island IV and Main Pass I will each be employed for a further 10 years while the Main Pass IV has a five-year extension.

In all cases, day rates are said to be consistent with current prices for these rigs and allow for annual rate adjustments based on the prior 12-month average Brent crude oil price. The extensions are expected to start in 1Q 2020. 

12/30/2019

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