Dubai-based Shelf Drilling has negotiated a one-year contract extension for the Shelf Drilling Tenacious jackup rig offshore West Africa.
This will now run through February 2027, the company said in an Aug. 22 press release. Shelf Drilling added that the client has an option to extend the hire by a further year thereafter.
The firm period extension is valued at about $50 million.
Relatedly, a recent Westwood Global Energy Group report highlighted the upcoming surge in offshore drilling activities worldwide, focusing on high-impact wells in deepwater basins, including record-breaking prospects like Bandit in the US Gulf of Mexico and exploration in Suriname, West Africa and the Mediterranean.
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.
