Shelf Drilling (SHLLF) has released an update.
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Shelf Drilling Ltd., an international offshore drilling contractor, has announced the sale of its Baltic jack-up rig for USD 60 million, following the completion of its operations in West Africa. The rig is set to be mobilized to Southeast Asia for a multi-year plug and abandonment program, where Shelf Drilling will also provide management and operations support. The sale is expected to be finalized by late August 2024.
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