Shelf Drilling, Ltd. said that it has received a notice of contract termination for the Shelf Drilling Winner from the customer, TotalEnergies EP Denmark A/S . Under the notice and in accordance with the contract, the termination shall be effective during August 2025.

The Shelf Drilling Winner has consistently delivered outstanding operational and safety performance while under contract with TotalEnergies. The rig’s contract was originally scheduled to conclude in August 2026, subject to two additional options to extend further into late 2027.

However, following a thorough evaluation of the original schedule, TotalEnergies has informed that the rig will be released in summer 2025 after completion of the final scheduled well activities, due to changes in the 2025 work program. Shelf Drilling will continue to focus on delivering operational excellence during the remainder of the term and will actively market the rig for future opportunities.