Ceva Logistics extends Shelf Drilling contract

BAAR, Switzerland: July 03, 2019. Ceva Logistics has had its logistics contract with Shelf Drilling extended to March 2021. The Dubai-headquartered shallow water drilling services specialist has been working with Ceva since it began operations in 2012.

Shelf Drilling provides jack-up rigs with a sole focus on shallow water drilling services. In May this year it completed the acquisition of two rigs and the charter of two more with China Merchants and the Great Wall Ocean Strategy & Technology Fund.

David Mullen, Shelf Drilling CEO commented: “The closing of this transaction marks an important milestone for Shelf Drilling. The on-time delivery of the two premium CJ-46 jack-ups is the result of a truly collaborative effort between Shelf Drilling and China Merchants.

“Our alliance with China Merchants significantly strengthens our competitive position and creates tangible value for all our stakeholders. It also provides us access to the experience and resources of one of the largest state-owned enterprises in China and we look forward to welcoming their representatives to our Board. The addition of these four premium jack-up rigs creates exciting near-term opportunities for Shelf Drilling in an improving jack-up market,” he continued.

Shelf Drilling operates in four regions – South East Asia, India, West Africa and MENAM (Middle East, North Africa and Mediterranean). Ceva provides a continuous flow of re-supplies and project cargo to the company’s hubs in Houston, Aberdeen, Singapore and Dubai.

“We are delighted to have retained our business with Shelf Drilling for next two years which now covers a complete 3PL End to End solution,” says Marcelo Franceschetti, Ceva executive vice president – Global Energy Sector. “Thanks to our team’s constant focus on operations and ability to meet the customer’s expectations we have proven our capabilities in this demanding market time and again.”