WASHINGTON (dpa-AFX) - Shelf Drilling Holdings Ltd. Said Friday that it has completed its $1.05 billion acquisition of 37 jackup drilling rigs, one swamp barge, and associated operations from Transocean Ltd (RIG).
The deal was effected pursuant to the terms of the agreements signed on September 9.
Building on the decades of experience of the about 3,500 worldwide employees who will transfer as part of the deal, Shelf Drilling seeks to provide the safest and most reliable fit-for-purpose jackup drilling services to its customers.
The company has established its headquarters in Dubai for optimal access to operating bases in Thailand, Malaysia, Indonesia, Vietnam, India, Nigeria, Gabon, Angola, Egypt, Saudi Arabia and Italy.
Copyright RTT News/dpa-AFX
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