Shelf Drilling Announces New Short-Term Contract and Extension
PRESS RELEASE
SHELF DRILLING ANNOUNCES NEW SHORT-TERM CONTRACT AND EXTENSION
Dubai, August 07, 2025 - Shelf Drilling, Ltd. ("Shelf Drilling" or the"Company", OSE: SHLF) announced today the award of a short-term contract fortheShelf Drilling Enterprise and a contract extension for the Trident 16.
The Shelf Drilling Enterprise has secured a contract for one firm well inVietnam, with an estimated duration of three months. The rig recentlycompletedits previous campaign in Thailand in late July, and operations in Vietnam areexpected to begin in early October 2025 shortly after mobilization.
The Trident 16 has been awarded a three-month extension in direct continuationof its current contract for operations in the Gulf of Suez offshore Egypt,withthe rig now firm until November 2025.
The estimated combined value of these two awards is approximately USD 14million.
Greg O'Brien, CEO, commented:"These awards contribute to our backlog and near-term revenue visibility andreflect the continued demand for our versatile fleet across core markets. Weremain committed to delivering safe, reliable and best-in-class operations forour customers."
About Shelf DrillingShelf Drilling is a leading international shallow water offshore drillingcontractor with rig operations across the Middle East, Southeast Asia, India,West Africa, the Mediterranean and the North Sea. Shelf Drilling was foundedin2012 and has established itself as a leader within its industry through itsfit-for-purpose strategy and close working relationship with industry leadingclients. The Company is incorporated under the laws of the Cayman Islands withcorporate headquarters in Dubai, United Arab Emirates. The Company is listedonthe Oslo Stock Exchange under the ticker "SHLF".
Additional information about Shelf Drilling can be found atwww.shelfdrilling.com.
Contact detailsFor questions or comments, please contactinvestor.relations@shelfdrilling.com.
This information is subject to the disclosure requirements pursuant to section5-12 of the Norwegian Securities Trading Act.
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