Shelf Drilling reveals names of China newbuilds

Jack-up rig company Shelf Drilling has revealed new names of the two newbuild jack-ups it has recently agreed to buy in China.

Illustration; Image: GustoMSC

As we reported last month, Shelf Drilling announced agreements with China Merchants to acquire two premium newbuild CJ46 jack-up rigs for a purchase price of USD 87 million per rig, and bareboat charter, with an option to purchase, of two additional premium newbuild CJ46 jack-ups.

Shelf Drilling has this week, in its fleet status report, revealed that the first two rigs, of Gusto MSC CJ46 design, would be named the Shelf Drilling Achiever and the Shelf Drilling Journey.


Related: Shelf Drilling expanding rig fleet with four China-built jack-ups

The company expects to complete the two-rig purchase in the second quarter of 2019. The other two rigs with bareboat charters are scheduled to start in August 2019.

The initial term of each bareboat charter is three years, which can be extended for three additional years upon mutual agreement between the parties.

Upon completion of the transaction, Shelf Drilling’s premium jack-up rig count will increase from 9 units to 13 units.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Navingo Career Event

The Navingo Career Event is Europe’s biggest career event for the maritime…

read more >

Offshore Technology Conference (OTC) 2020 Postponed

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply