United Arab Emirates-based jackup rig pure-play Shelf Drilling has revealed two new deals and a couple of new developments in its latest fleet status report.
The company revealed that its Trident 16 rig has secured a new contract with Belayim Petroleum Company (Petrobel) in Egypt in February. The deal will last for three months and end in May 2025.
The Oslo-listed firm’s 1982-built rig is no stranger to Egypt or the client as it has been working there for Petrobel on and off since 2015.
Another short-term deal was won by the 1979-built High Island II rig. The jackup was previously under hire with Saudi Aramco but was one of the batch of rigs that got its contracts suspended by the Saudi major.
The contract was nixed in December and will be out of service until April 2025 while it is mobilised from the Middle East to West Africa along with Shelf Drilling Victory, another rig that ended its deal with Aramco, for upcoming contract opportunities.
Upon arrival, it will start a new one-well contract in Nigeria with an undisclosed operator. The deal is supposed to last around 45 days.
The other rigs that had their contracts with Saudi Aramco suspended since April last year include the Harvey H. Ward, Shelf Drilling Achiever, Main Pass I, Main Pass IV, and High Island IV. The only jackups still working for the Saudi firm are the High Island V and High Island IX.
Most rigs have either cancelled their contracts or found new work. The two rigs still under suspension with no new work on the horizon are Harvey H. Ward and High Island IV.
Shelf Drilling also reported that the 1981-built Trident VIII jackup was mobilized to the United Arab Emirates. There, the company expects to complete the sale of the rig for recycling no later than April 2025.
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