Dubai - 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 Main Pass I jack-up rig for a period of up to 12 months.

The foregoing suspension at zero dayrate is effective October 2020 and will automatically extend the term of the contract for a period equal to the suspension period.

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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