PRESS RELEASE

SHELF DRILLING PRIMARY INSIDER NOTIFICATION

Dubai, 14 November 2019: Reference is made to the announcement by Shelf
Drilling, Ltd. ("Shelf Drilling" or the "Company", OSE: SHLF) today, regarding
the issuance of 14,611 new common shares in the Company to the chairman of the
board of directors, Ernie Danner, without any consideration, as settlement of
restricted stock units ("RSUs") under the Company's 2017 Long-Term Incentive
Plan. Reference is also made to the announcement made by Shelf Drilling on 30
October 2019, regarding the award of 40,863 new RSUs to Mr. Danner, which were
granted to Mr. Danner today. The new RSUs shall vest on the first anniversary
from the date of grant and shall each be settled in exchange for one common
share in the Company against no consideration, subject to Mr. Danner's continued
service with the Company.

Following the issuance of the new common shares and award of new RSUs to Mr.
Danner, he holds 74,757 common shares in the Company and 40,863 RSUs.   

About Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling
contractor with rig operations across Middle East, Southeast Asia, India, West
Africa and the Mediterranean. 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".

Additional information about Shelf Drilling can be found at
www.shelfdrilling.com.

Contact details
For questions or comments, please contact investor.relations@shelfdrilling.com 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.