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Shelf Drilling ( (SHLLF) ) just unveiled an announcement.
Shelf Drilling has announced a one-year contract extension for its Key Manhattan jack-up rig, adding approximately USD 29 million in contract value and extending its commitment until November 2026. This extension enhances the company’s revenue and cash flow visibility, reinforcing its long-standing collaboration with the customer and highlighting its strong operational track record.
More about Shelf Drilling
Shelf Drilling is a leading international shallow water offshore drilling contractor with operations across various regions including the Middle East, Southeast Asia, India, West Africa, the Mediterranean, and the North Sea. Founded in 2012 and headquartered in Dubai, UAE, the company has established itself as an industry leader through its fit-for-purpose strategy and strong client relationships. Shelf Drilling is listed on the Oslo Stock Exchange under the ticker ‘SHLF’.
Average Trading Volume: 1,674,402
Current Market Cap: NOK2.28B
See more data about SHLLF stock on TipRanks’ Stock Analysis page.