Oslo-listed jackup rig player Shelf Drilling has won a one-year contract extension for one of its rigs.
Cabinda Gulf Oil Company, a Chevron subsidiary, extended the contract for the 2007-built Shelf Drilling Tenacious rig for drilling operations offshore West Africa.
The extension will begin in direct continuation of the rig’s current contract, extending the commitment until February 2027. The rig has been working for the US giant’s subsidiary since 2022 and was supposed to complete its work off Angola in February 2026.
The client has an option to extend the contract for another year. The total added contract value for the firm term is approximately $50m.
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