Shelf Drilling, Ltd. (Shelf Drilling, OSE: SHLF) announced on Thursday (Oct06) that its subsidiary, Shelf Drilling (North Sea), Ltd. (Shelf Drilling North Sea) has secured a two-year contract extension for the Noble Sam Turner jack-up rig in direct continuation of its current contract in Denmark by way of a priced option exercise by the customer.
The contract value of the extension is approximately USD 68 million, and the expected availability of the rig is now March 2025.
The rig will be renamed Shelf Drilling Winner upon completion of the official renaming process in early 2023.