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Shelf Drilling Secures $93m Jack Up Rigs Contract In Nigeria

by Chika Izuora
2 years ago
in Business
Shelf drilling
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Shelf Drilling said Tuesday it had secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs for operations offshore Nigeria for durations of 16 months and 8 months, respectively.

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The combined estimated contract value for the two rigs is approximately $93 million, excluding revenues for mobilisation and demobilisation.

According to Shelf Drilling, both jack-up drilling rigs completed their previous contracts in September 2023.

They are now scheduled to start their new contracts in October 2023 following brief periods between contracts.

The Adriatic I is now firm until February 2025, and the Shelf Drilling Mentor is firm until June 2024.

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Shelf Drilling did not say who the clients were.

The news of the two rig contracts in Nigeria comes a day after Shelf Drilling said it had secured a two-well contract extension for the Shelf Drilling Fortress jack-up rig in the UK North Sea.

 


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Chika Izuora

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