Offshore drilling contractor Shelf Drilling has received another early termination of a drilling contract in less than a week. This time it is for a jack-up rig operating offshore Nigeria.
Shelf Drilling said on Monday it had received a notification from a customer on early termination of the Trident XIV contract.
The contract end date for the jack-up rig has been changed from February 2021 to July 2020.
To remind, Shelf Drilling in December 2019 secured a one-year extension for the Trident XIV jack-up rig for operations offshore Nigeria. The extension was in direct continuation of the rig’s current contract for workover operations.
Before that, the rig’s extension was agreed in November 2018 . According to Bassoe Offshore, the rig has been working for ExxonMobil since February 2018 with a dayrate of $55,000.
Bassoe’s dayrate estimate for the previous extension agreed in December 2019 was $60,000.
This is Shelf Drilling’s second early contract termination in less than a week. Namely, Shelf Drilling last Thursday entered into a mutual agreement with a customer to amend the contract end date for the Shelf Drilling Tenacious from January 2022 to September 2020.