Shelf Drilling has secured a five-year extension for the High Island V jack-up rig. The extension is in direct continuation of the rig’s current contract with the same customer, extending the commitment until July 2030. The total added contract value is approx. USD 133 million.
Greg O’Brien, CEO, commented: 'We are very pleased to announce this five-year extension of the contract for the High Island V. The contract extension reflects our client’s recognition of the High Island V team’s outstanding safety and operational track record over more than 10 years. We are proud of this performance and remain committed to delivering safe and reliable operations for our customer. The Middle East continues to represent an important part of our business, and we look forward to maintaining a long-term presence in the region.'
Source: Shelf Drilling
