Offshore drilling contractor Shelf Drilling has acquired a suspension discover for certainly one of its jack-up drilling rigs.

Shelf Drilling stated on Monday that an undisclosed buyer despatched the suspension discover for the Main Pass I jack-up rig.

According to the corporate, the operations of the Main Pass I’d
be suspended for a interval of as much as 12 months.

The foregoing suspension at zero dayrate is efficient October 2020 and can routinely lengthen the time period of the contract for a interval equal to the suspension interval”, Shelf Drilling stated.

Although the shopper was not said, the 1982- constructed Friede
& Goldman L-780-MOD II design rig – upgraded in 2013 – is on a ten-year deal
with Saudi Aramco.

The contract, based mostly on an annual price adjustment linked to
the Brent oil value, began in February 2020 following an extension received in
December 2019.

As per the corporate’s most up-to-date fleet standing report launched
in August, Shelf Drilling has seven offshore drilling rigs on a contract with
Saudi Aramco.

Over the previous a number of months, Shelf Drilling acquired a number of of its rig contracts suspended and one terminated early whereas one other termination has been rescinded.

Namely, Petrobel has rescinded its earlier early contract termination for the Trident 16 jack-up, whereas the High Island IV jack-up acquired a discover of suspension of operations from Saudi Aramco at a zero-day price for as much as 12 months starting late June 2020.

Also, the Key Manhattan is predicted to stay suspended at a diminished price by year-end 2020 and the Trident VIII rig acquired early-termination discover from Amni in Nigeria and the contract finish date was up to date to July 2020.

The Baltic jack-up operations for Total in Nigeria had been suspended starting in early July 2020. The contract finish date is ready for December 2020.

Ever because the coronavirus disaster began and the oil value dropped offshore drillers have been getting early contract terminations for his or her rigs and Shelf Drilling is not any totally different. On high of the above listed, Shelf bought three contract terminations for its drilling contracts by early April.

The put up Shelf Drilling will get one other jack-up suspension from Saudi Aramco appeared first on Offshore Energy.

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