Shelf Drilling, Ltd. Elects David Mullen as Executive Chair, Effective August 14, 2024
May 15, 2024 at 03:49 pm EDT
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Shelf Drilling, Ltd. announced with effect from August 14, 2024, David Mullen is elected as a Director and Executive Chair of the Company until such time as such Director resigns or is removed from office in accordance with the Articles of Association of the Company in effect from time to time. Reference is made to the announcement by the Company on February 7, 2024 regarding the transition plan where David Mullen will step down from the role of Chief Executive Officer (CEO) and assume that of Executive Chair.
Shelf Drilling Ltd is a United Arab Emirates-based entity which is primarily engaged in providing water offshore contractor services. The Companyâs services include providing equipment for the drilling, completion, maintenance and decommissioning of oil and natural gas wells. It focuses on shallow water operations in depths of approximately up to 375 feet and fleet consists of 30 independent-leg cantilever (ILC) jack-up rigs. The Company has one reportable segment which is Contract Services it includes rigs comprising fleet operation in a single market. The Companyâs subsidiaries include Shelf Drilling (Egypt) Limited, Shelf Drilling Holdings, Ltd. (SDHL) among others. The Companyâs customers are national oil companies (NOCs), international oil companies (IOCs) and independent oil and natural gas companies, who contract the rigs for varying durations.
SHELF DRILLING, LTD. 
