Shelf Drilling Secures Contract Extension on Rig 141 in Egypt

09 Feb 2023 10:29 CET

PRESS RELEASE

SHELF DRILLING SECURES CONTRACT EXTENSION ON RIG 141 IN EGYPT

Dubai, February 09, 2023 – Shelf Drilling, Ltd. (“Shelf Drilling” or the
“Company”, OSE: SHLF) announced today that it has secured a one-year contract
extension for the Rig 141 jack-up rig in direct continuation of its current term
with Gemsa Petroleum Company (“Gempetco”) for operations in the Gulf of Suez
offshore Egypt. Following this extension, the expected availability of the rig
is February 2024.

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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