Shelf Drilling to Buy Aban Offshore's Jack-up Rig for $30M

OE Staff
Saturday, June 18, 2022

Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. 

Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design, and is currently located in the United Arab Emirates. 

"Shelf Drilling plans to fund the acquisition of the premium high-spec jack-up rig with cash on hand. The transaction is subject to customary closing conditions, and the rig is expected to be delivered in July 2022," Shelf Drilling said Thursday.


Categories: Middle East Drilling Industry News Activity Asia Shallow Water Drilling Rigs

Related Stories

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

Aramco Explores Asset Sales in Multi-Billion Dollar Fundraising Push

TGS Books 3D Streamer Seismic Job in Africa and Middle East region

Oil Holds Steady as Markets Assess Renewed US-Iran Hostilities

ADNOC Looks to Canada for Upstream and LNG Growth Through XRG

Oil Shoots Over $4 as Israel Expands Strikes Against Iran and Lebanon

Oil Slips as Oman Reports Normal Operations at Key Oil Terminal

Kuwait Sees 70% Oil Output Recovery within Two Months of Hormuz Reopening

Oil Prices Edge Lower Amid Uncertainty Over US-Iran Deal

Current News

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Oman Opens Alternative Hormuz Lanes as Shipping Recovery Continues

ASCO Sets Up Shop in Qatar to Drive Middle East Expansion

Oil Falls as Signs of Hormuz Recovery Weigh on Market

Mako Offshore Field Takes Step Toward First Gas with PT PAL Contract Award

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Iran War Sparks Global Rush to Build Strategic Oil Reserves

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Explosion at Qatar's Ras Laffan LNG Hub Injures 54, Leaves 18 Missing

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com