Shelf Drilling Extends Egyptian Operations with $23 Million Contract

Shelf Drilling Extends Egyptian Operations with $23 Million Contract

Offshore drilling contractor Shelf Drilling has secured a valuable 12-month extension for its Rig 141 operations in Egypt’s Gulf of Suez, keeping the rig active until February 2027. The contract extension, worth approximately $23 million, reflects continued strong demand for drilling services in Egyptian waters.

The deal underscores Shelf Drilling’s strong position in West African and Middle Eastern markets, building on the company’s successful track record of securing multi-million dollar contracts for drilling campaigns in Nigeria and Angola. The rig extension provides stability for Shelf Drilling’s operations while supporting ongoing exploration and development activities in the prolific Gulf of Suez region.

Source: oilreviewafrica.com