Shelf Drilling wins one-year extension in Egypt
- Business & Finance
Offshore drilling contractor Shelf Drilling has secured a one-year contract extension for the Trident 16 jack-up rig.
Shelf Drilling said on Monday that the new contract is in direct continuation of its current term with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez offshore Egypt.
The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following this extension, the expected availability of the rig is February 2021.
The previous extension was agreed back in January 2019.
The Trident 16 jack-up rig was built in 1982 and its last upgrade was in 2012. The rig is of a Modec 300 C-38 design.