Shelf Drilling Announces Contract Extension for the Shelf Drilling Scepter

20 Feb 2025 07:40 CET

PRESS RELEASE

SHELF DRILLING ANNOUNCES CONTRACT EXTENSION FOR THE SHELF DRILLING SCEPTER

Dubai, February 20, 2025 – Shelf Drilling, Ltd. (“Shelf Drilling” or the
“Company”, OSE: SHLF) announced today that it has secured a one-year extension
for the Shelf Drilling Scepter jack-up rig for drilling operations offshore West
Africa. The extension will commence in direct continuation of the rig’s current
contract, extending the commitment until July 2026. The total added contract
value is approximately USD 50 million.

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.

More information:
Access the news on Oslo Bors NewsWeb site