PRESS RELEASE
SHELF DRILLING SECURES CONTRACT EXTENSION ON RIG 141 IN EGYPT
Dubai, July 28, 2025 – Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced today that it has secured a one-year extension for the Rig 141 in direct continuation of its current contract for operations in the Gulf of Suez, offshore Egypt. The total estimated value for the additional one-year firm term is approximately USD 23 million. Following this extension, the expected availability of the rig is February 2027.
About Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations across the Middle East, Southeast Asia, India, West Africa, the Mediterranean and the North Sea. Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fit-for-purpose strategy and close working relationship with industry leading clients. The Company is incorporated under the laws of the Cayman Islands with corporate headquarters in Dubai, United Arab Emirates. The Company is listed on the Oslo Stock Exchange under the ticker “SHLF”.
Additional information about Shelf Drilling can be found at www.shelfdrilling.com.
Contact details
For questions or comments, please contact investor.relations@shelfdrilling.com.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.