SHELF DRILLING SECURES 2-YEAR CONTRACT EXTENSION IN DENMARK
Dubai, October 6, 2022 - Shelf Drilling, Ltd. ("Shelf Drilling" or the
"Company", OSE: SHLF) announced today that its subsidiary, Shelf Drilling (North
Sea), Ltd. ("Shelf Drilling North Sea" or "SDNS") has secured a two-year
contract extension for the Noble Sam Turner jack-up rig in direct continuation
of its current contract in Denmark by way of a priced option exercise by the
customer. The contract value of the extension is approximately USD 68 million,
and the expected availability of the rig is now March 2025. The rig will be
renamed Shelf Drilling Winner upon completion of the official renaming process
in early 2023.
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".
About Shelf Drilling North Sea
Shelf Drilling North Sea, a majority-owned subsidiary of Shelf Drilling, is a
shallow water offshore drilling contractor primarily operating in the North Sea.
The company's fit-for-purpose strategy and fleet of modern high-specification
harsh environment jack-up rigs enable it to offer a broad range of services in
the shallow water drilling markets. The company is incorporated under the laws
Additional information about Shelf Drilling can be found at
For questions or comments, please contact email@example.com.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.