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Shelf Drilling acquires Maersk jackup for $38m

Dubai-headquartered offshore driller Shelf Drilling has entered into an agreement with Maersk Drilling to acquire 2007-built jackup rig Maersk Completer.

Shelf Drilling paid $38m for the rig, and says the deal is in anticipation of securing a long-term contract in the near term.

The Baker Pacific Class 375 design rig is expected to be delivered in January 2020.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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