Photo: Shelf Drilling

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Shelf Drilling sees encouraging signs of improving jack-up market

Following the oil price stabilisation, offshore drilling contractor Shelf Drilling is seeing encouraging signs of an improving jack-up market with a global number of contracted jack-ups increasing to 353 in May 2021.

The rig owner has also sold three of its jack-up units in addition to securing several new contracts over the past couple of months.

In its fleet status report on Tuesday, Shelf Drilling said it had completed the sale of three rigs in April 2021, the Trident 15, Galveston Key, and Key Hawaii.

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