Shelf Drilling, Ltd. (Shelf Drilling) announced that it has received an award for a three-year contract for the Ron Tappmeyer jack-up rig with Oil and Natural Gas Corporation (ONGC) for offshore operations in Indian waters. The rig is currently under contract with ONGC with a scheduled completion date in Q2 2022. The planned start-up of operations under the new contract is Q4 2022.

About Shelf Drilling

Shelf Drilling (OSE: SHLF) is a leading international shallow water offshore drilling contractor with rig operations across Middle East, Southeast Asia, India, West Africa and the Mediterranean. Shelf Drilling was founded in 2012 and has established itself as a leader within its industry through its fit-for-purpose strategy and close working relationship with industry leading clients. The Company is incorporated under the laws of the Cayman Islands with corporate headquarters in Dubai, United Arab Emirates. The Company is listed on the Oslo Stock Exchange under the ticker “SHLF”

About ONGC

ONGC is the largest crude oil and natural gas producer in India, contributing around 76 per cent to Indian domestic production. During the financial year ended 31st March, 2020 (FY’20), ONGC Group had produced about 63 MMTOE (approx. 1.26 MMboe per day); the Consolidated Gross Turnover was INR 4,250 billion (about USD 60 billion) during FY’20 and total consolidated oil and gas reserves (2P) were 1,359 MMTOE as on 1st April 2020.