Shelf Drilling Awarded New Contract in Vietnam

Source: www.gulfoilandgas.com 12/8/2023, Location: Asia

Shelf Drilling, Ltd. and Shelf Drilling (North Sea), Ltd. (“Shelf Drilling North Sea” or “SDNS”) announced today a contract award for the Shelf Drilling Perseverance jack-up rig with PetroVietnam Domestic Exploration Production Operating Company Limited (PVEP POC). The rig will shortly commence mobilization to Southeast Asia, and the planned start-up of operations with PVEP POC in Vietnam is Q3 2024. The firm term of the contract is approximately 16 months, and the total estimated contract value for the firm period is approximately USD 73 million.


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