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Shelf Drilling ( (SHLLF) ) has shared an announcement.
Shelf Drilling has announced a one-year extension for its jack-up rig, the Shelf Drilling Scepter, for operations offshore West Africa. This extension, valued at approximately USD 50 million, continues the rig’s current contract until July 2026, reinforcing the company’s strategic positioning in the offshore drilling sector.
More about Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling contractor operating in regions including the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Founded in 2012, the company has built a reputation for its fit-for-purpose strategy and strong client relationships. It is headquartered in Dubai, UAE, and listed on the Oslo Stock Exchange under the ticker ‘SHLF’.
YTD Price Performance: -19.79%
Average Trading Volume: 31,528
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $197.6M
For an in-depth examination of SHLLF stock, go to TipRanks’ Stock Analysis page.