(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 ...
Since exploration drilling commenced in 1953, some 754 exploration wells have been drilled (at Dec 2001), discovering estimated reserves of 2.6 billion bbls of oil, 2.6 billion bbls of condensate and 152 Tcf of gas within 233 hydrocarbon fields. Most of the successful traps comprise sands within...