Middle EastOffshore

Shelf Drilling acquires jackup rig from Diamond Offshore

Photo of Jason Jiang Jason JiangJuly 2, 2018
42 Less than a minute

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.

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Photo of Jason Jiang Jason JiangJuly 2, 2018
42 Less than a minute
Photo of Jason Jiang

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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