Shelf Drilling, Ltd. Announces Appointment of Chairman of the Board and Chairman of the Audit Committee
November 14, 2018 at 12:21 pm IST
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Shelf Drilling, Ltd. announced that its Board of Directors has elected a new Chairman, current Board Member Ernie Danner, effective November 14, 2018. Mr. Danner has stepped down as Chairman of the Audit Committee, and existing Board Member David Williams has been appointed as the new Audit Committee Chairman.
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.