Shelf Drilling Ltd 2021 AR2
The report highlights Shelf Drilling's performance in 2021, navigating the challenges of the COVID-19 pandemic while achieving its lowest Total Recordable Incident Rate (TRIR) of 0.16. The company secured 21 new contracts and extensions, increasing its contract backlog to $1.7 billion. Environmentally, Shelf Drilling launched an engine emissions tracking tool and set a target to reduce average daily Scope 1 emissions by 20% over five years. Despite recording its lowest revenue of $527 million, the company maintained a 30% Adjusted EBITDA margin and significantly improved its liquidity through a $310 million senior notes offering.
Company: Shelf Drilling Ltd
Sector: Mining & quarrying
Country: United Arab Emirates
Year: 2021
Type: AR2
Pages: 202
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Shelf Drilling Ltd
Annual Report
The report highlights Shelf Drilling's performance in 2021, navigating the challenges of the COVID-19 pandemic while achieving its lowest Total Recordable Incident Rate (TRIR) of 0.16. The company secured 21 new contracts and extensions, increasing its contract backlog to $1.7 billion. Environmentally, Shelf Drilling launched an engine emissions tracking tool and set a target to reduce average daily Scope 1 emissions by 20% over five years. Despite recording its lowest revenue of $527 million, the company maintained a 30% Adjusted EBITDA margin and significantly improved its liquidity through a $310 million senior notes offering.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Workplace Fatalities
Employees