DUBAI, UAE – Shelf Drilling has completed acquisition of two premium CJ-46 jackup rigs with affiliates of China Merchants & Great Wall Ocean Strategy & Technology Fund.
In addition, the company has secured bareboat charter agreements for two further jackups.
David Mullen, Shelf’s CEO, said: “Our alliance with China Merchants significantly strengthens our competitive position… The addition of these four premium jackup rigs creates exciting near-term opportunities…in an improving jackup market.”
05/09/2019
