Shelf secures extension for jack-up High Island V, with total added value of around $133 million

United Arab Emirates-headquartered Shelf Drilling has secured a five-year extension for one of its jack-up units that is currently working for Saudi Aramco in Saudi Arabia.

Shelf has been awarded an extension for the jack-up High Island V, the company said in a statement on Monday.

“The extension is in direct continuation of the rig’s current contract with the same customer, extending the commitment until July 2030,” the drilling player said.