Shelf Drilling announced has secured a one-year extension for the Rig 141 in direct continuation of its current contract for operations in the Gulf of Suez, offshore Egypt. The total estimated value for the additional one-year firm term is approximately USD 23 million. Following this extension, the expected availability of the rig is February 2027.
Shelf Drilling announced on March 4, 2024, that it has secured a two-year contract extension for the Rig 141 jack-up rig, extending its current term with Gemsa Petroleum Company (Gempetco) for operations in the Gulf of Suez offshore Egypt until February 2026. The total estimated value for the contract extension is approximately USD 51 million. One year of the extension will be farmed out to Petrogulf Misr.
Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean and the North Sea. Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fitfor-purpose strategy and close working relationship with industry leading clients.
