PRESS RELEASE SHELF DRILLING ANNOUNCES CONTRACT AWARD FOR THE SHELF DRILLING TENACIOUSDubai ,June 5, 2024 -Shelf Drilling, Ltd. ("Shelf Drilling " or the "Company", OSE: SHLF) announced today that it has secured a 15-month award for the Shelf Drilling Tenacious jack-up rig for drilling operations offshoreWest Africa . The award will begin in direct continuation of the rig's current contract, extending the commitment untilFebruary 2026 . The total added contract value is approximatelyUSD 66 million . AboutShelf Drilling Shelf Drilling is a leading international shallow water offshore drilling contractor with rig operations acrossMiddle East ,Southeast Asia ,India ,West Africa , Mediterranean andNorth Sea .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 theCayman Islands with corporate headquarters inDubai, United Arab Emirates . The Company is listed on theOslo Stock Exchange under the ticker "SHLF". Additional information aboutShelf Drilling can be found at www.shelfdrilling.com. Contact details For questions or comments, please contact communications@shelfdrilling.com. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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