International drilling contractor Shelf Drilling has been awarded a 12-month contract extension for its Shelf Drilling Tenacious jack-up rig offshore Angola.
The Dubai-based firm had already secured one extension last November, which extended the contract through November 2023, with a one-year option. The rig’s contract will now continue through November 2024.
Operating in water depths up to 375 feet, the drilling rig has been in operation for the Cabinda Gulf Oil Company Limited in Angola since January 2022.
The Chevron subsidiary – which carries operated interests in offshore Blocks 0 and 14 – is currently spearheading the Lifua-A and Sanha Lean Gas Connection projects, with a view to supporting new oil and gas exploration in Angola.
The AfDB signed a technical assistance agreement with the Bank for Trade and Industry of Mauritania to improve access to finance for women in Africa.
As new discoveries are made and exploration campaigns launched, the demand for offshore rigs is expected to increase significantly in Africa in 2023.
