Shelf Drilling rig contract in Saudi Arabia suspended
Shelf Drilling announced that it has received a notification from Saudi Aramco on suspension of operations for the High Island IV jack-up rig for a period of up to 12 months.
The foregoing suspension at zero day rate will be effective upon the completion of work currently in progress and will automatically extend the term of the contract for the period of the suspension.
Under the contract signed in February 2020, the jack-up rig was expected to stay with the Saudi Aramco until February 2030 at a dayrate of US$80,000.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news

Stocks Slide as Tariff Angst Adds to Price Worries: Markets Wrap

China’s Oil Teapots Cut Runs to Pandemic Levels After Sanctions

China Refiners Set to Resell US Oil Cargoes After Tariff Blitz

Shell starts up new facility in UK North Sea, restoring production from the Penguins field

Oil Falls to Lowest Settlement Price of 2025 as Traders Flee

Oil Falls After Trump Delays Canada, Mexico Tariffs by a Month

Wright Confirmed to Lead Energy Agency Key to Trump’s Plans

Oil Rises as Trump Slaps Tariffs on Biggest Crude Supplier to US

UAE’s Adnoc Aims to Buy Nova Chemicals, Roll Into Deal With OMV
