Shelf Drilling acquires jackup rig from Diamond Offshore

Shelf Drilling acquires jackup rig from Diamond Offshore

Dubai-based offshore driller Shelf Drilling has entered into an agreement with Diamond Offshore to purchase 2008-built jackup drilling rig Ocean Scepter.

The total cost for the rig is expected to be approximately $90m.

The jack-up rig is currently located in the US Gulf of Mexico and upon delivery the rig will be mobilised to the Middle East.

Shelf Drilling will finance the acquisition with part of the proceeds from its IPO, completed at the end of June.

The latest acquisition will increase Shelf Drilling’s fleet to 40 rigs.

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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