Saudi Aramco awards 10-year contract extension for Shelf Drilling jack-up rig

Shelf Drilling secured a ten-year contract extension for the High Island IX jack-up rig with Saudi Aramco, in direct continuation of its current contract in Saudi Arabia. The rig is expected to be available until June 2031.

“The contract dayrate allows for annual rate adjustments based on the previous 12-month average Brent crude oil price.”oedigital.com

• 1 source
• oedigital.comSaudi Aramco Awards Ten-Year Deal for Shelf Drilling's Jack-Up RigBartolomej TomicMay 6, 2021

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