Dubai’s Shelf Drilling Secures $50 Million Contract Extension for West Africa Operations
Dubai-based Shelf Drilling has successfully negotiated a one-year contract extension for the Shelf Drilling Tenacious jackup rig offshore West Africa, extending operations through February 2027. The firm period extension is valued at approximately $50 million, with the client holding an option for an additional one-year extension thereafter.
This latest contract follows Shelf Drilling’s recent success in securing multiple global offshore drilling contracts, including deals in Vietnam, the Netherlands, and Egypt. The expansion comes as a recent Westwood Global Energy Group report highlighted an upcoming surge in offshore drilling activities worldwide, focusing on high-impact wells in deepwater basins including record-breaking prospects in the US Gulf of Mexico and exploration activities in Suriname, West Africa, and the Mediterranean.
Source: offshore-mag.com
