Shelf Drilling has agreed to sell its Main Pass I jackup rig for $11 million, according to a Dec. 18 company press release.
The company has served a notice to terminate a drilling contract for the rig in the Middle East that was suspended earlier this year.
It will also cease to be used for drilling, with much of its onboard equipment removed for use on other Shelf rigs.
The sale should close by February 2025.
