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Shelf Terminates Bareboat Agreements for 2 Jack up Rigs

Source: www.gulfoilandgas.com 9/14/2020, Location: Asia

Reference is made to the announcement by Shelf Drilling, Ltd., and together with its direct and indirect subsidiaries the "Group") on 21 February 2019 regarding the entering into of agreements with an affiliate1 of China Merchants & Great Wall Ocean Strategy & Technology Fund ("CM" or “China Merchants”) for bareboat charter of, and the option to buy, two CJ-46 jack-up rigs (the "BBC Arrangement").

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