Drill High Island Tender

Scope of WorkTo Drill High Island IX jack-up Rig.DescriptionGlobal offshore drilling contractor Shelf Drilling 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. Shelf Drilling bought the rig from Transocean in 2012 when it acquired 38 jack-up rigs from the Swiss-based drilling giant.