Shelf Drilling completes acquisition of five jackups for $375M
Oct. 5, 2022
Shelf Drilling (North Sea) Ltd. has acquired five jackup rigs from various subsidiaries of Noble Corp.
Courtesy Shelf Drilling LinkedIn
Shelf Drilling has expanded its footprint into North Sea and Qatar by completing the acquisition of five premium jackup rigs, now owning a fleet of 36 jackup rigs.
Offshore staff
DUBAI — Shelf Drilling (North Sea) Ltd. has acquired five jackup rigs from various subsidiaries of Noble Corp. for $375 million.
Courtesy Noble Corp.
The Noble Houston Colbert jackup flies under the Liberia flag.
The acquisition includes the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and Noble Lloyd Noble rigs and related support, infrastructure and offshore and onshore personnel.
Following successfully securing $130 million of equity financing and $250 million of senior secured debt financing as well as a further contribution from the company of $70 million from cash on hand, Shelf Drilling North Sea has completed the acquisition.
