Jack-up drilling rig specialist Shelf Drilling has secured a three-year contract extension for the High Island V jack-up rig with Saudi Aramco.
The contract for the rig of the Marathon LeTourneau 82-SD-C design will start in direct continuation of its current contract in the Arabian Gulf.
The company did not share the financial details. According to Shelf Drilling's last fleet status report, issued in February 2022, the High Island V's contract with Saudi Aramco had been expected to expire in March 2022.
Now, following the extension, the expected availability of the 1981-built, 2013-upgraded jack-up drilling rig is May 2025.