Chevron (CVX) Extends Shelf Drilling Contract Till 2026

Chevron Corporation (CVX) has awarded a contract to Shelf Drilling to carry out drilling operations off the coast of West Africa for its Angolan subsidiary, Cabinda Gulf Oil Company. Per the offshore driller, the Shelf Drilling Tenacious jack-up rig has been hired for a 15-month contract, whose total added value came in at $66 million.Shelf Drilling’s recent fleet status report, released in May 2024, mentioned that Cabinda Gulf Oil Company has a 15-month option, per the terms of its current contract. The CV ...