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Shelf Drilling ( (SHLLF) ) has provided an update.
Shelf Drilling has announced a one-year contract extension for its Shelf Drilling Tenacious jack-up rig, which will continue its operations offshore West Africa until February 2027, with a potential additional year. This extension, valued at approximately USD 50 million, reinforces the company’s strong market position and ongoing commitment to its operations 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 rigs across regions such as 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. Shelf Drilling is incorporated in the Cayman Islands and headquartered in Dubai, UAE, and is listed on the Oslo Stock Exchange.
Average Trading Volume: 2,204,409
Current Market Cap: NOK3.52B
Find detailed analytics on SHLLF stock on TipRanks’ Stock Analysis page.