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ADNOC Drilling Takes Delivery of Shelf Drilling

Credit: Gusto MSC
UAE-based ADNOC Drilling has taken delivery of the Shelf Drilling Journey jack-up drilling rig from Shelf Drilling, following the sale and purchase deal signed in December 2020.
Offshore drilling contractor Shelf Drilling said Thursday that it had on February 24, 2021 completed the sale and delivery of the jack-up rig to ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC).
As previously reported Oslo-listed Shelf Drilling in December last year said has agreed to sell the jack-up drilling rig to ADNOC Drilling for $77.6 million.
The Shelf Drilling Journey rig is a Gusto CJ-46 design rig, delivered by China s China Merchants in 2019. ....

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Adnoc Drilling takes delivery of jack-up

25 February 2021 23:24 GMT
Updated
25 February 2021 23:24 GMT
in
New Delhi
Adnoc Drilling has taken delivery of the jack-up rig Shelf Drilling Journey as the Abu Dhabi National Oil Company (Adnoc) subsidiary continues to expand its offshore rig fleet, despite the current industry headwinds.
Dubai-headquartered Shelf Drilling said on Thursday that it has “completed the sale and delivery of the jack-up rig to Adnoc Drilling”.
Shelf Drilling said in December that it had agreed to sell the jack-up to Adnoc Drilling for $77.6 million,
Fleet expansion plan
Adnoc Drilling unveiled a key rig fleet expansion plan in 2019, in line with Abu Dhabi’s ambition to increase its oil production capacity to 5 million barrels per day by 2030. ....

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Shelf Drilling closes sale of Shelf Drilling Journey jack-up rig

Shelf Drilling has completed the sale and delivery of the jack-up rig to ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC). ....

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Adnoc snaps up another drilling rig | Upstream Online

21 December 2020 10:28 GMT
Updated
21 December 2020 10:28 GMT
in
London
Dubai-based drilling contractor Shelf Drilling has agreed to sell for US$77.6 million the jack-up rig Shelf Drilling Journey to Adnoc Drilling, a subsidiary of the Abu Dhabi National Oil Company (Adnoc).
The transaction is subject to customary closing conditions and the rig is expected to be delivered during the first quarter of 2021, Shelf Drilling confirmed on Monday.
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Shelf Drilling announces sale of Shelf Drilling Journey jack-up rig to ADNOC Drilling

Shelf Drilling announces sale of Shelf Drilling Journey jack-up rig to ADNOC Drilling
21 Dec 2020
ADNOC Drilling, a subsidiary of the
Abu Dhabi National Oil Company (ADNOC), to sell the
Shelf Drilling Journey jack-up drilling rig for a total consideration of USD77.6 million. Seller has been designated as an unrestricted subsidiary as defined in the applicable financing agreementsof the Company’s subsidiaries. The transaction is subject to customary closing conditions, and the rig is expected to be delivered during the first quarter of 2021. ....

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