Fossil Energy – Contract Extension
Earlier this week Shelf Drilling announced it has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production 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 197 million.
The contract extensions will begin in the second half of 2025 and will directly continue the rigs’ current commitments.
