Shelf Drilling Ltd 2024 AR2
The report outlines Shelf Drilling's operational and financial performance for 2024, highlighting a fleet uptime of 99.3% and an Adjusted EBITDA of $351 million. Despite challenges from contract suspensions in Saudi Arabia, the company successfully redeployed two rigs to West Africa under new long-term contracts. Additionally, the company completed the merger of Shelf Drilling North Sea into the parent company, simplifying its capital structure. On the sustainability front, the company achieved a 4.4% reduction in Scope 1 greenhouse gas emissions intensity and published its first EU CSRD-compliant Sustainability Statement.
Company: Shelf Drilling Ltd
Sector: Energy
Country: United Arab Emirates
Year: 2024
Type: AR2
Pages: 234
Shelf Drilling Ltd
Annual Report
The report outlines Shelf Drilling's operational and financial performance for 2024, highlighting a fleet uptime of 99.3% and an Adjusted EBITDA of $351 million. Despite challenges from contract suspensions in Saudi Arabia, the company successfully redeployed two rigs to West Africa under new long-term contracts. Additionally, the company completed the merger of Shelf Drilling North Sea into the parent company, simplifying its capital structure. On the sustainability front, the company achieved a 4.4% reduction in Scope 1 greenhouse gas emissions intensity and published its first EU CSRD-compliant Sustainability Statement.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Apr 14, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Employees