Shelf Drilling opts out of jackup charter

Shelf Drilling and an affiliate of China Merchants & Great Wall Ocean Strategy & Technology Fund will terminate a rig arrangement drawn up in February.
Sept. 17, 2020
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Offshore staff

DUBAI, UAE – Shelf Drilling and an affiliate of China Merchants & Great Wall Ocean Strategy & Technology Fund will terminate a rig arrangement drawn up in February.

This concerned the bareboat charter of, and option to buy, two CJ-46 jackups.

Termination will take effect upon settlement of a total charter payment of $4 million, payable this month.

09/17/2020

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