Shelf Drilling secures drilling contract offshore Norway for $61 million

(WO) – Shelf Drilling, Ltd. announced that a subsidiary of Shelf Drilling (North Sea), Ltd. has secured an offshore drilling contract for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Sleipner Vest field, located in the Norwegian continental shelf. The firm term of the contract is two wells approximating to 270 days. The contract value for the firm period excluding certain integrated services is approximately $61 million.

The offshore drilling contract also includes options for two additional wells, and the planned start-up of operations is between May and July 2024. David Mullen, Chief Executive Officer, Shelf Drilling, said, “Shelf Drilling is particularly proud to have recently acquired the CJ70 rig, which is uniquely equipped to withstand the challenging ultra-harsh environmental conditions in the North Sea region, and we are excited to be able to expand our offering into this segment of the market.”

Shelf Drilling North Sea is a shallow water offshore drilling contractor primarily operating in the North Sea. The company's fit-for-purpose strategy and fleet of modern high-specification harsh environment jack-up rigs enable it to offer a broad range of services in the shallow water drilling markets.