Shelf Drilling has bagged a three-year contract extension for providing its High Island V jack-up rig in direct continuation of its existing contract in the Arabian Gulf.

The details of the customer and the contract value were not disclosed by Shelf Drilling.

The shallow water offshore drilling contractor said that following the contract extension, the High Island V jack-up rig is expected to be available in May 2025.

Headquartered in Dubai, Shelf Drilling is listed on the Oslo Stock Exchange. The company has rig operations across the Middle East, India, Southeast Asia, West Africa, and the Mediterranean.

  Arabian Gulf, Dubai, High Island V rig, Oil and gas industry news, Oil and gas news, Shelf Drilling