Shelf Drilling Secures Five-year Deal for Harvey H. Ward Jack-up Rig

OE Staff
Monday, November 14, 2022

Jack-up rig specialist Shelf Drilling said Monday it had secured a five-year contract for the Harvey H. Ward jack-up rig for operations in the Arabian Gulf.

The firm period contract value, including mobilization fee, is roughly USD 192 million. The planned start-up date of operations is late March 2023.

The client, which Shelf Drilling did not name, will have a two-year extension option.

Prior to the contract start-up, the Harvey H. Ward jack-up rig is scheduled to complete an upgrade and contract preparation project in the United Arab Emirates. Financial details were not disclosed.

Built in 1981, the Havey H. Ward jack-up rig was one of 37 jack-up rigs Shelf Drilling acquired in 2012 from Transocean for $1.05 billion.

Categories: Drilling Industry News Activity Europe Shallow Water Drilling Rigs

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