Shelf Drilling opts out of jackup charter

Sept. 17, 2020
Shelf Drilling and an affiliate of China Merchants & Great Wall Ocean Strategy & Technology Fund will terminate a rig arrangement drawn up in February.

Offshore staff

DUBAI, UAEShelf Drilling and an affiliate of China Merchants & Great Wall Ocean Strategy & Technology Fund will terminate a rig arrangement drawn up in February.

This concerned the bareboat charter of, and option to buy, two CJ-46 jackups.

Termination will take effect upon settlement of a total charter payment of $4 million, payable this month.

09/17/2020