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.
(Courtesy Shelf Drilling)
The jackup drilling rig High Island II.
Offshore staff
DUBAI, UAE – Shelf 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.
