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Shelf Drilling Announces New Contracts in the Gulf of Thailand

Shelf Drilling, Ltd. (Shelf Drilling, OSE: SHLF) announced on Monday that it has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production, Ltd. (Chevron) for operations in the Gulf of Thailand. The extensions are in direct continuation of the planned out of service projects at the end of each rig’s current contract with the same client. 

The duration is 39 months for the Shelf Drilling Chaophraya and 36 months for the Shelf Drilling Krathong and is expected to commence in Q3 2022 and Q4 2022, respectively.

Management — Shelf Drilling

David Mullen, Chief Executive Officer, Shelf Drilling, said:We are very pleased to announce the contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong with Chevron in the Gulf of Thailand. The high specification jack-up rigs were uniquely built fit for purpose for Gulf of Thailand drilling activity. The extension of both rigs further demonstrates our valued relationship with Chevron and our commitment to the Kingdom of Thailand.” 

Shelf Drilling_Trident IX

Shelf Drilling is a leading contractor of jack-up rigs. We are incorporated under the laws of the Cayman Islands with Management headquartered in Dubai with rig operations across four core operating regions – Southeast Asia, India, West Africa and MENAM (Middle East, North Africa & Mediterranean). Our strategy is to maintain a sole focus on shallow water drilling services and leverage decades of industry experience and an outstanding track record to provide best-in-class drilling operations for our customers.

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