Oil & gas boom and rig shortage fuel Shelf Drilling CEO’s hopes of multi-year upcycle for jack-ups

Offshore drilling contractor Shelf Drilling has achieved strong operational performance across its rig fleet during the fourth quarter of 2022, aided by the acquisition of five drilling rigs from Noble Corporation. With the oil and gas sector in high demand, the UAE-headquartered giant is envisioning further offshore drilling market improvements, especially within the jack-up segment.