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Shelf Drilling Faces Early Contract Termination for Rig

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Shelf Drilling Faces Early Contract Termination for Rig

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Shelf Drilling ( (SHLLF) ) just unveiled an announcement.

Shelf Drilling has announced the early termination of its contract for the Shelf Drilling Winner rig with TotalEnergies EP Denmark A/S, originally set to end in August 2026. The termination, effective in August 2025, is due to changes in TotalEnergies’ 2025 work program. Despite the contract ending earlier than planned, Shelf Drilling remains committed to maintaining high operational standards and is actively seeking new opportunities for the rig.

More about Shelf Drilling

Shelf Drilling is a prominent international offshore drilling contractor specializing in shallow water operations. Established in 2012, the company operates across various regions including the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Known for its fit-for-purpose strategy and strong client relationships, Shelf Drilling is headquartered in Dubai, UAE, and is listed on the Oslo Stock Exchange under the ticker ‘SHLF’.

YTD Price Performance: -29.26%

Average Trading Volume: 12,093

Technical Sentiment Signal: Buy

Current Market Cap: $180.9M

Learn more about SHLLF stock on TipRanks’ Stock Analysis page.

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