Shelf Drilling Resumes Middle East Operations with Extended Contract

Shelf Drilling ( (SHLLF) ) has shared an announcement.

Shelf Drilling announced the resumption of operations for the Harvey H. Ward jack-up rig in the Middle East, with the contract now extended to October 2029. This development marks a significant operational update for the company, potentially enhancing its market position and providing stability for stakeholders in the region.

The most recent analyst rating on (SHLLF) stock is a Hold with a NOK14.00 price target. To see the full list of analyst forecasts on Shelf Drilling stock, see the SHLLF Stock Forecast page.

More about Shelf Drilling

Shelf Drilling is a leading international shallow water offshore drilling contractor, operating in regions such as the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Established in 2012, the company is known for its fit-for-purpose strategy and strong client relationships. It is incorporated in the Cayman Islands and headquartered in Dubai, UAE, with its shares listed on the Oslo Stock Exchange under the ticker ‘SHLF’.

Average Trading Volume: 738,692

Current Market Cap: NOK4.69B

For an in-depth examination of SHLLF stock, go to TipRanks’ Overview page.