Shelf Drilling, Ltd. has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production, Ltd. for operations offshore Thailand. Both extensions are for a firm period of two years. The combined contract value for the incremental firm term is approximately USD 197M.
The contract extensions will commence in the second half of 2025 in direct continuation of the rigs’ current commitments.
Greg O’Brien, CEO, commented: “These rigs were custom built with unique offline capabilities for Chevron’s factory-style operations in the Gulf of Thailand. We thank Chevron for their continued trust in Shelf Drilling as we work together to achieve operational excellence.”
