Shelf Drilling, headquartered in the UAE, has secured two-year contract extensions for its jack-up rigs, Shelf Drilling Chaophraya and Shelf Drilling Krathong, with Chevron Thailand Exploration and Production. These rigs, operating offshore Thailand since 2016 and 2017, will continue under Chevron’s contracts starting in late 2025, adding approximately $197 million to Shelf Drilling’s revenue.
Designed for Chevron's high-efficiency operations in the Gulf of Thailand, these LeTourneau Super 116 Enhanced Class rigs offer advanced capabilities and can accommodate up to 160 crew members. Shelf Drilling’s CEO Greg O’Brien expressed gratitude for Chevron's trust, highlighting the rigs' specialized design for "factory-style" operations.
This news follows Shelf Drilling’s recent milestones, including an acknowledgment of compliance for a rig in Norway and new assignments in West Africa.