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Shelf Drilling awarded a 5-year contract 

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Shelf Drilling, Ltd. announced today that it has secured a five-year contract for the recently acquired premium jack-uprig Shelf Drilling Victory for operations in the Arabian Gulf. The contract value for the firm period,
including mobilization revenue, is approximately USD 236 million. The contract also includes a twoyear option, and the planned start-up of operations is late-March 2023. Prior to commencing thecontract, the jack-up rig is scheduled to complete a reactivation and upgrade project which iscurrently underway in the United Arab Emirates.

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