zero dayrate

Dubai, June 15, 2020 – Shelf Drilling, Ltd. (“Shelf Drilling” or the “Company”, OSE: SHLF) announced today that it has received a notification from customer on suspension of operations for the High Island IV jack-up rig for a period of up to 12 months. The foregoing suspension at zero dayrate will be effective upon the completion of work currently in progress and will automatically extend the term of the contract for a period equal to the suspension period.