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M&A Deal Summary

Shelf Drilling Acquires Shelf Drilling

On September 16, 2024, Shelf Drilling acquired oil/gas exploration company Shelf Drilling

Acquisition Highlights
  • This is Shelf Drilling’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Shelf Drilling’s 1st transaction in United Arab Emirates.

M&A Deal Summary
Date 2024-09-16
Target Shelf Drilling
Sector Oil/Gas Exploration
Buyer(s) Shelf Drilling
Deal Type Merger

Target

Shelf Drilling

Dubai, United Arab Emirates
Shelf Drilling (North Sea) is a shallow water offshore drilling contractor. The company's fit-for-purpose strategy and fleet of modern high-specification harsh environment jack-up rigs enable it to offer a broad range of services in the shallow water drilling markets. Shelf Drilling (North Sea) is based in Dubai, United Arab Emirates.

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Buyer(S) 1

Buyer

Shelf Drilling

Dubai, United Arab Emirates
Category Company
Founded 2012
Sector Oil/Gas Exploration
Employees2,448
Revenue 985M USD (2024)
DESCRIPTION

Shelf Drilling is an offshore jack-up rig operator engaged in the drilling and completion of offshore oil and gas wells. Shelf Drilling conducts drilling operations in Southeast Asia, the Middle East, India, West Africa, and North Africa / Mediterranean markets with a fleet of 37 independent-leg cantilever jack-up rigs and one swamp barge. Shelf Drilling was founded in 2012 and is based in Dubai, United Arab Emirates.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2024 M&A 1 of 1
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