Shelf Drilling secures $73 million contract for rig operations in Vietnam

World Oil Staff December 08, 2023

Shelf Drilling Ltd. and Shelf Drilling (North Sea) Ltd. have successfully secured a new contract with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC).

The contract involves deploying the Shelf Drilling Perseverance jack-up rig to Southeast Asia, specifically Vietnam.

The mobilization of the rig to the region will begin shortly, and operations with PVEP POC are scheduled to kick off in the third quarter of 2024.

The contract spans approximately 16 months, with a firm commitment, and holds a total estimated value of around $73 million during this period.

Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.