Four Shelf jackups get Middle East contract extensions

Dec. 30, 2019
Shelf Drilling has gained long-term contract extensions for four of its jackups working offshore the Arabian Peninsula.

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