A Nigeria based drilling contractor Shelf, has announced the award of two new jack-up rigs contracts in West Africa. According to Shelf Drilling, the contracts are secured for the Shelf Drilling Mentor covering 10 wells and an estimated duration of 450 days in direct continuation of the rig’s current campaign in Nigeria with a contract value of $60 million.

In addition, the Company secured a letter of award for the Shelf Drilling Achiever for a multi-year campaign scheduled to commence in October 2024. The Company expects to execute a contract for this program in the very near-term.

The Shelf Drilling Achiever rig is currently being mobilized to West Africa on a dry transport carrier, expected to arrive before the end of September 2024. Concurrently, Shelf Drilling is mobilizing the Main Pass IV rig using the same dry transport carrier, and this rig is also expected to commence operations before the end of 2024.

Greg O’Brien said, “We are very pleased with these two awards, which build on our leading position in West Africa and demonstrate the strength of this market. These awards further support our decision to mobilize the two rigs from the Middle East, and we are confident that operations for the Main Pass IV will also commence shortly after the rig’s arrival.”

Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across Middle East, Southeast Asia, India, West Africa, Mediterranean and North Sea. Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fit-for-purpose strategy and close working relationship with industry leading clients. The Company is incorporated under the laws of the Cayman Islands with corporate headquarters in Dubai, United Arab Emirates. The Company is listed on the Oslo Stock Exchange under the ticker “SHLF”