Stock SHLF SHELF DRILLING, LTD.
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Company Shelf Drilling, Ltd.

Equities

SHLF

KYG236271055

Oil & Gas Drilling

Market Closed - Oslo Bors
Other stock markets
 10:45:00 2024-05-03 am EDT 		5-day change 1st Jan Change
18.98 NOK +1.17% Intraday chart for Shelf Drilling, Ltd. +0.53% -34.55%
Apr. 26 Shelf Drilling (North Sea) Issues $315 Million of Bonds MT
Apr. 10 Shelf Drilling Lands Contract Extension with Equinor for Jack-up Rig Use at Gudrun Field MT

Business Summary

Shelf Drilling Ltd is a United Arab Emirates-based entity which is primarily engaged in providing water offshore contractor services. The Company’s 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 Company’s subsidiaries include Shelf Drilling (Egypt) Limited, Shelf Drilling Holdings, Ltd. (SDHL) among others. The Company’s customers are national oil companies (NOCs), international oil companies (IOCs) and independent oil and natural gas companies, who contract the rigs for varying durations.

Number of employees: 2,835

Sales per Business

NOK in Million2022Weight2023Weight Delta
Contract Services
94.0 %
6,370 95.2 % 9,026 94.0 % +41.70%
Other
6.0 %
318 4.8 % 572 6.0 % +79.57%

Sales per region

NOK in Million2022Weight2023Weight Delta
Saudi Arabia
29.8 %
1,946 29.1 % 2,862 29.8 % +47.12%
Others
18.8 %
1,299 19.4 % 1,804 18.8 % +38.87%
Nigeria
16.8 %
710 10.6 % 1,612 16.8 % +126.97%
India
13.6 %
1,191 17.8 % 1,302 13.6 % +9.30%
Thailand
9.3 %
859 12.9 % 896 9.3 % +4.29%
Italy
5.3 %
-- 513 5.3 % -
Angola
4.8 %
609 9.1 % 458 4.8 % -24.86%
Reconciling Item
1.6 %
73 1.1 % 150 1.6 % +105.29%

Managers

Managers TitleAgeSince
David Mullen CEO
 Chief Executive Officer 66 12-10-31
Greg O’Brien DFI
 Director of Finance/CFO - 13-12-31
Rishi Srivastava CTO
 Chief Tech/Sci/R&D Officer - 11-12-31
William Hoffman COO
 Chief Operating Officer 63 12-09-30
Michael Mezzina AUD
 Comptroller/Controller/Auditor - -
Simon Rushton PRN
 Corporate Officer/Principal - -
Dzul Bakar LAW
 General Counsel - 12-10-31
Ian Clark PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
John Reynolds BRD
 Director/Board Member 53 12-08-31
John Castle BRD
 Director/Board Member 83 12-10-31
Ernie Danner CHM
 Chairman 69 13-09-30
David Pittaway BRD
 Director/Board Member 72 15-06-30
Benjamin Sebel BRD
 Director/Board Member - 12-10-31
David Mullen CEO
 Chief Executive Officer 66 12-10-31
David Williams BRD
 Director/Board Member 70 17-07-31
Usama Trabulsi BRD
 Director/Board Member - 17-07-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 213,700,000 164,048,806 ( 76.77 %) 0 76.77 %

Shareholders

NameEquities%Valuation
Caius Capital LLP
4.567 %
9,746,136 4.567 % 23 M kr
Anchorage Capital Group LLC
4.553 %
9,716,957 4.553 % 23 M kr
Magallanes Value Investors SA SGIIC
3.766 %
8,036,093 3.766 % 19 M kr
Fiera Capital (UK) Ltd.
1.629 %
3,477,282 1.629 % 8 M kr
Arctic Asset Management AS
0.4214 %
899,340 0.4214 % 2 M kr
Nordea Investment Management AB (Norway)
0.3416 %
729,009 0.3416 % 2 M kr
Gladwyne Investments LLP
0.2905 %
620,000 0.2905 % 1 M kr
Dimensional Fund Advisors Ltd.
0.1187 %
253,231 0.1187 % 596 156 kr
Prescient Investment Management (Pty) Ltd.
0.0937 %
200,000 0.0937 % 470 840 kr
PSG Asset Management (Pty) Ltd.
0.0910 %
194,150 0.0910 % 457 068 kr

Company contact information

Shelf Drilling Ltd.

Jumeirah Lakes Towers One JLT

, Dubai

+971 4 567 3400

http://www.shelfdrilling.com
address Shelf Drilling, Ltd.(SHLF)

Group companies

NameCategory and Sector
Shelf Drilling Offshore Services (India) Ltd.
Logo Shelf Drilling Offshore Services (India) Ltd.

Shelf Drilling Offshore Services (India) Ltd.

Contract DrillingIndustrial Services

Part of Shelf Drilling Ltd., Shelf Drilling Offshore Services (India) Ltd. is an Indian company that provides oil and gas well drilling services. The private company is based in Mumbai, India and was founded in 2012.

Contract Drilling
Shelf Drilling Ron Tappmeyer Ltd.
SHELF DRILLING (NORTH SEA), LTD.
Contract Drilling
Shelf Drilling (Central Europe) Kft.
Shelf Drilling Trident XII Ltd.
Logo Shelf Drilling Trident XII Ltd.

Shelf Drilling Trident XII Ltd.

Finance/Rental/LeasingFinance

Part of Shelf Drilling Ltd., Shelf Drilling Trident XII Ltd. issues asset-backed, mortgage-backed, and structured finance securities. The private company is located in Cayman Islands.

Finance/Rental/Leasing
Shelf Drilling Offshore Resources Ltd. II
Shelf Drilling C.E. Thornton Ltd. (Cayman Island)
Shelf Drilling International, Inc.
Shelf Drilling J.T. Angel Ltd.

Sector

Energy
Energy - Fossil Fuels
Oil & Gas Related Equipment and Services
Oil & Gas Drilling
Other Oil & Gas Drilling

Sales per Business

Sales per region

Ratings for Shelf Drilling, Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
1.751 USD
Average target price
3.535 USD
Spread / Average Target
+101.92%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Drilling

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Other Oil & Gas Drilling
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