Shelf Drilling Awarded New Contracts in India with ONGC

22 Dec 2022 13:30 CET

PRESS RELEASE

SHELF DRILLING AWARDED NEW CONTRACTS IN INDIA WITH ONGC

Dubai, December 22, 2022 – Shelf Drilling, Ltd. (“Shelf Drilling” or the
“Company”, OSE: SHLF) announced today that it has received a three-year contract
award for each of the Compact Driller and Key Singapore with Oil and Natural Gas
Corporation (ONGC) for operations in the Mumbai High, offshore India. The
planned start-up of operations for both contracts is Q2 2023.

About Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling
contractor with rig operations across Middle East, Southeast Asia, India, West
Africa, Mediterranean and North Sea. Shelf Drilling was founded in 2012 and has
established itself as a leader within its industry through its fit-for-purpose
strategy and close working relationship with industry leading clients. The
company is incorporated under the laws of the Cayman Islands with corporate
headquarters in Dubai, United Arab Emirates. The company is listed on the Oslo
Stock Exchange under the ticker “SHLF”.

Additional information about Shelf Drilling can be found at
www.shelfdrilling.com.

Contact details
For questions or comments, please contact communications@shelfdrilling.com.


This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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