Shelf Drilling, Ltd. (Shelf Drilling, OSE: SHLF) announced today that it has received a notification from customer on suspension of operations for the High Island IV jack-up rig for a period of up to 12 months. 

Shelf Drilling announces contract update for High Island IV

The foregoing suspension at zero dayrate will be effective upon the completion of work currently in progress and will automatically extend the term of the contract for a period equal to the suspension period.

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. 

Source: Shelf Drilling