Saudi Aramco Awards Ten-Year Deal for Shelf Drilling's Jack-Up Rig

Bartolomej Tomic
Thursday, May 6, 2021

Oslo-listed offshore drilling contractor Shelf Drilling has secured a ten-year contract extension for the High Island IX jack-up rig.

The contract for the 1983-built, 2012-upgraded jack-up drilling unit is in direct continuation of its current contract in Saudi Arabia.

"The contract dayrate allows for annual rate adjustments based on the previous 12-month average Brent crude oil price. Following this extension, the expected availability of the rig is June 2031," Shelf Drilling said.

While the drilling firm did not say who the client was, its fleet status report shows that the Marathon LeTourneau 82-SD-C design rig is employed by Saudi Aramco in Saudi Arabia. 

Shelf Drilling bought the rig from Transocean in 2012 when it acquired 38 jack-up rigs from the Swiss-based drilling giant.

Also, the contract extension with Saudi Aramco is the second rig contract announced by Shelf Drilling in as many days.

The company on Wednesday said it had won a three-year contract with India's ONGC for its Trident XII jack-up drilling unit. 

Categories: Energy Middle East Drilling Industry News Activity Rigs Shallow Water

Related Stories

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

‘Ultra-Mega’ Offshore Deal for L&T at QatarEnergy LNG’s North Field Gas Scheme

CIP Reaches Financial Close for Offshore Wind Farm in Taiwan

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

Initial Drilling Results Raise Questions on South Korea’s Offshore Gas Viability

Abu Dhabi's NMDC Group Gets $1.1B Subsea Gas Pipeline Job in Taiwan

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Current News

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

EnQuest Bags Two Production Sharing Contracts off Indonesia

Hanwha Drilling’s Tidal Action Drillship En Route to Petrobras’ Roncador Field

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com