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    SHLF   KYG236271055

SHELF DRILLING, LTD.

(SHLF)
  Report
Real-time Quote. Real-time Oslo Bors - 12/02 03:00:13 am
5.2 NOK   -8.93%
11/23Shelf Drilling Awarded New Contract in India with ONGC
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11/23Shelf Drilling Wins New Contract in India with ONGC
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11/14Shelf Drilling Primary Insider Notification
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Shelf Drilling : Awarded New Contract in India with ONGC

09/20/2021 | 01:18am EST
PRESS RELEASE

SHELF DRILLING AWARDED NEW CONTRACT IN INDIA WITH ONGC

Dubai, September 20, 2021 - 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 Parameswara 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 Q1 2022. 

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".

Additional information about Shelf 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.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2021 567 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -2,24x
Yield 2021 -
Capitalization 86,2 M 86,7 M -
Capi. / Sales 2021 0,15x
Capi. / Sales 2022 0,15x
Nbr of Employees 2 149
Free-Float 53,6%
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Mean consensus BUY
Number of Analysts 0
Last Close Price 5,71 
Average target price
Spread / Average Target -
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Managers and Directors
David J. Mullen Chief Executive Officer & Director
Greg OĺBrien Chief Financial Officer & Executive Vice President
Ernie L. Danner Independent Chairman
Rishi Srivastava Vice President-Technical Services
William Conrad Hoffman Chief Operating Officer & Executive Vice President
Sector and Competitors