Shelf Drilling has secured contracts for the Adriatic I and the Shelf Drilling Mentor jack-up rigs for operations offshore Nigeria for firm durations of 16 months and 8 months, respectively. The combined estimated contract value for the two rigs is approx. USD 93 million, excluding revenues for mobilization and demobilization. Both rigs completed their previous contracts in September 2023 and are scheduled to commence 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.
Source: Shelf Drilling
