Shelf Drilling (SHLLF) has released an update.
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Shelf Drilling, Ltd. has announced new contracts for its jack-up rigs in Nigeria, including a three-year contract for the Shelf Drilling Achiever and a two-year extension for the Adriatic I, with options for further extensions. These agreements total a combined contract value of USD 234 million, excluding mobilization and demobilization revenue, and provide substantial revenue visibility for the company into 2025 and beyond.
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