Middle EastOffshore

Saudi Aramco suspends Shelf Drilling jackup contract

UAE-based drilling rig operator Shelf Drilling has announced that has received a notification from its customer to suspend operations for the High Island IV jackup rig for a period of up to 12 months.

The rig will be suspended at zero dayrate and the contract for the rig will be automatically extended for a period equal to the suspension period.

The 1980-built High Island IV has been working with Saudi Aramco since 2007. Prior to the contract suspension, the rig was fixed with a ten year contract until February 2030 at $80,000 per day.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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