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Shelf Drilling ( (SHLLF) ) just unveiled an update.
Shelf Drilling has secured a significant contract for its jack-up rig, Shelf Drilling Winner, with Tenaz Energy in the Dutch North Sea. This contract marks Shelf Drilling’s entry into the Dutch energy sector, aligning with the country’s focus on boosting domestic gas production. The partnership with Tenaz Energy, a major operator in the region, represents a strategic expansion for Shelf Drilling, enhancing its presence in a new and active market segment.
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.
Average Trading Volume: 2,161,295
Current Market Cap: NOK3.51B
Learn more about SHLLF stock on TipRanks’ Stock Analysis page.