Global offshore drilling contractor, Shelf Drilling announced in a statement that it has secured a ten-year contract extension for the High Island IX jack-up rig.
The contract for the 1983-built, 2012-upgraded jack-up drilling unit is in direct continuation of its current contract in Saudi Arabia.
The contract dayrate allows for annual rate adjustments based on the previous 12-month average Brent crude oil price.
Following this extension, the expected availability of the rig is June 2031,” statement said.
Shelf Drilling bought the rig from Transocean in 2012 when it acquired 38 jack-up rigs from the Swiss-based drilling giant.
Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across Middle East, Southeast Asia, India, West Africa and the Mediterranean.
