Shelf concludes China jackup deal

Shelf Drilling has completed acquisition of two premium CJ-46 jackup rigs with affiliates of China Merchants & Great Wall Ocean Strategy & Technology Fund.

Offshore staff

DUBAI, UAEShelf 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

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