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Shelf Drilling secures two jackup rig contracts

Shelf Drilling secures two jackup rig contracts

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Dubai-based Shelf Drilling has been awarded contracts by Dubai Petroleum for two of its jackup drilling rigs, the 2007-built Shelf Drilling Tenacious and 2010-built Shelf Drilling Mentor.

Each contract is for duration of two years and includes two one-year options. The commencement of the contract is planned in January 2018.

Shelf Drilling just acquired the two rigs from John Fredriksen’s Seadrill in a three-rig deal valued at $225m at the end of April.

“We are extremely pleased with this award for two of our recently acquired premium jackup rigs. This opportunity further strengthens our market leading position in the Middle East region. Both rigs are ideally suited for Dubai Petroleum’s needs, and we are very excited to have secured our maiden contracts with a well-established operator. We see this as an opportunity to have a very long-term relationship with Dubai Petroleum,” said David Mullen, CEO of Shelf Drilling.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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