Dubai - Shelf Drilling, Ltd. ('Shelf Drilling' or the 'Company', OSE: SHLF) announced today that it has received an award for a three-year contract for the J.T. Angel jack-up rig with Oil and Natural Gas Corporation (ONGC) for operations in the Mumbai High, offshore India.

The planned start-up of operations is Q4 2021.

About Shelf Drilling

Shelf Drilling 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'.

Contact:

Tel: +971 4 567 3400

Fax: +971 4 567 3401

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