Fossil Energy – Drilling
Shelf Drilling’s subsidiary, Shelf Drilling North Sea, has secured a two-well contract extension for the Shelf Drilling Fortress jackup rig.
The firm term of the extension is approximately five months, with a contract value of approximately $18 million.
The expected availability of the rig is now June 2024. The contract includes options for an additional two wells, with a total estimated duration of eight months.
The 400-ft rig is working for CNOOC at the Golden Eagle platform in the UK sector of the North Sea under a contract that was awarded and started in August 2023. The firm term of the contract was two wells, with a total duration between four and five months.
The contract also included options for additional wells, with a total estimated duration of 13 months. If exercised, the remaining options for the additional two wells would keep the rig busy into February 2025.
