Shelf Drilling nets three-year jackup deal with ONGC
Oslo-listed jackup rig player Shelf Drilling has won a three-year contract award for one of its drilling rigs from India’s ONGC.The 1982-built <em>J.T. Angel</em> jackup was hired for operations in the Mumbai High area off the coast of India under a contract worth approximately $40m.The rig is currently undergoing a contract preparation project, with operations expected to begin in October 2025.“The contract reflects the near-term competitive environment in India, which is a strategically important market for Shelf Drilling, and we remain confident in its long-term fundamentals,” said Greg O’Brien, Shelf Drilling CEO.Separately, as part of the company’s ongoing review of its fleet, it has determined to dispose of the 1982-built <em>Trident XII</em>, which completed its drilling contract with ONGC earlier this year and is currently stacked in India. The intended sale will be for non-drilling purposes.This comes a week after Shelf Drilling landed a five-year contract extension with Saudi Aramco for its <em>High Island V</em> unit.