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Maroc Maroc - ENERGY PEDIA.COM - 14/Nov 13:23

Shelf Drilling reports Q3 2024 results

Shelf Drilling has announced results for the third quarter of 2024 ended September 30. During the third quarter of 2024, Adjusted EBITDA increased to $114 million, primarily due to the acceleration of mobilization revenue for two suspended rigs in Saudi Arabia. As anticipated, the Company was impacted by a lower level of utilization with a few rigs preparing for new contracts.

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