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Shelf Drilling announces Baltic rig update

Wednesday, July 31 2024

Fossil Energy – Drilling

Shelf Drilling has agreed to sell the Baltic jack-up rig for a total consideration of $60 million.

The sale transaction is subject to customary closing conditions, with completion anticipated in late August 2024.

The Baltic has completed its contract in West Africa, and the rig will shortly start mobilization to Southeast Asia. The buyer intends to utilize the rig on a multi-year plug and abandonment (P&A) program in Southeast Asia, and Shelf Drilling has agreed to provide rig management and operations support to the buyer.

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  4. CSBC delivers 63 pin piles for Hai-Long OWP

Filed Under: General, International projects Tagged With: sale agreement, Shelf Drilling

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