About Shelf Drilling
Shelf Drilling is a publicly listed company based in Dubai (United Arab Emirates) founded in 2012, and was acquired by AdihGroup in August 2025. Shallow water jack-up rig drilling services are provided. It operates on a Managed Services model. The company has 3,850 employees. Its Indian entity Shelf Drilling Offshore Services (India) Private Limited reported revenue of ₹5.97 Cr. Shelf Drilling offers products and services including Jack-up Operations. Its focus areas include Energy, Oil & Gas and Offshore Drilling.
Company details
Shelf Drilling is engaged in providing offshore drilling services through jack-up rigs. Operations are centered in the energy sector, specifically targeting offshore oil and gas exploration and production. The company is committed to safety and operational performance while fostering long-term relationships with customers and suppliers. Services are offered globally across various regions with a focus on reliability and efficiency in challenging offshore environments.
- Headquarters Dubai, United Arab Emirates
- Employees 3,850
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Phone•••• ••••
- Website shelfdrilling.com
- Social LinkedIn Facebook
- Acquired by AdihGroup (Aug 2025)
- Legal Name Shelf Drilling Ltd.
Associated legal entities of Shelf Drilling
Shelf Drilling operates through Shelf Drilling Offshore Services (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shelf Drilling Offshore Services (India) Private Limited CIN U74999MH2012FTC231439 | Active | 24 May 2012 | Mumbai, Maharashtra | ₹6.0 Cr | 7 | 2 | View details |
Products & Services of Shelf Drilling
Shelf Drilling offers a comprehensive portfolio of products and services, including Jack-up Operations.
Jack-up rigs are operated for offshore drilling activities.
Funding Insights of Shelf Drilling
- Total Rounds 3
- Last Round Post-IPO — $46.64M
- Investors Count 2
All 3 funding rounds of Shelf Drilling with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $46.64M | Post-IPO | – | – | – |
| Nov 2012 | Seed | – | – | ||
| Jun 2012 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Shelf Drilling
Shelf Drilling has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include AdihGroup, Lime Rock Partners and Castle Harlan.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| lrpartners.com | ||||
A global private equity firm focused on middle market investments. | castleharlan.com | New York, United States | ||
Limited information available | 1997 | adihgroup.com | Egypt |
Investor details for Shelf Drilling
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Board of directors of Shelf Drilling Offshore Services (India) Private Limited (Shelf Drilling)
Shelf Drilling Offshore Services (India) Private Limited is the primary company behind Shelf Drilling. The board of Shelf Drilling Offshore Services (India) Private Limited currently have 2 directors; the longest-serving is Narender Jindal, appointed in 2014. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Narender Jindal DIN 06884290 | Director | 30 May 2014 | 12 yrs 4 mo | Shelf Drilling Offshore Services (India) Private Limited |
| Rohit Dhirawat DIN 08137040 | Director | 18 May 2018 | 8 yrs 5 mo | Shelf Drilling Offshore Services (India) Private Limited |
People of Shelf Drilling
44 people are tracked at Shelf Drilling (16 in leadership, 9 in board & advisors, 19 in team); the tracked headcount is 3,850.
| Name | Role | Group |
|---|---|---|
Kurt Hoffman | EVP & COO | Leadership |
John Adams | Chief Mechanic | Leadership |
Aaftaab Kharbanda | VP, Operations & Projects | Leadership |
David Mullen | Chief Executive Officer | Leadership |
Zeru Tauvic | Chief-et @sd Preserverence | Leadership |
Greg O’Brien | EVP & CFO | Leadership |
Michael Shimmin | VP of Tax | Leadership |
Michael Mezzina | VP & Controller | Leadership |
Anand Kumar | Chief Electrician | Leadership |
Mark Jones | International Tax Director | Leadership |
Manojkumar Nair | Head Of Supply Chain Compliance | Leadership |
Matthew Brodie | General Manager | Leadership |
Adekunle Ajayi Cmrp. Pmp®. | Chief Electrician | Leadership |
Mihael Sokec | Chief Mechanic | Leadership |
Graham Robertson | Director Of Marketing (europe, Middle East And Africa) At Shelf Drilling | Leadership |
Jimson Joseph | Chief Electrician | Leadership |
David Pittaway | Director | Board & advisors |
John K. Castle | Director | Board & advisors |
William Franklin , Jr. | Director | Board & advisors |
John Reynolds | Director | Board & advisors |
24 more people are available in the full profile.
Complete people profiles for Shelf Drilling
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IPO & Listings of Shelf Drilling
Shelf Drilling is a publicly listed company on the OSL with ticker symbol SHLF in Norway, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date24 Jun 2020
- Listed onOTCMKTS: SHLLF
- Listed entityShelf Drilling Ltd.
- Exchange sectorIndustrial services
- ISINKYG236271055
- Share price18.44 NOK (-0.11% on the day) · 2025-12-03
- Market capitalisation4,741,182,549.00 NOK
- Price to earnings3.5
- EPS (diluted, trailing year)5.29 NOK
- Volume (last session)627,194
- Analyst consensusSell
Financials of Shelf Drilling
Figures of Shelf Drilling Offshore Services (India) Private Limited, the primary company behind Shelf Drilling, for FY 2025. Revenue was ₹5.97 Cr (-21% year on year). Net profit was ₹1.30 Cr (22% margin). EBITDA was ₹2.14 Cr (36% margin). Revenue has grown at a compounded annual rate of +13% over three years and -4% over five years.
- ₹5.97 CrRevenue · FY 2025 · -21% YoY
- ₹1.30 CrNet profit · 22% margin
- ₹2.14 CrEBITDA · 36% margin
- ₹2.25 CrPaid-up capital
- 7Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | 10.60B NOK | 875.4M NOK | 3.93B NOK |
| 2023 | 9.32B NOK | -80.3M NOK | 3.22B NOK |
| 2022 | 6.69B NOK | -277.1M NOK | 2.43B NOK |
| 2021 | 4.53B NOK | -676.2M NOK | 1.34B NOK |
| 2020 | 5.51B NOK | -2.59B NOK | 1.87B NOK |
Balance sheet, profit and loss, cash flow and ratios of Shelf Drilling Offshore Services (India) Private Limited are on its company page.
Detailed financial statements for Shelf Drilling
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Timeline of Shelf Drilling
5 dated milestones of Shelf Drilling across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Shelf Drilling is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $46.6M.
- Exit Acquired by AdihGroup.
Web traffic of Shelf Drilling
The website of Shelf Drilling (shelfdrilling.com) receives about 8.8K visits a month.
- Monthly visits8.8K
▼ 29.8% vs previous month
Websites whose visitors overlap most with Shelf Drilling. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rigzone.com | 100% | 414K | #87,782 | View details | |
ksdrilling.com | ksdrilling.com | 99% | – | ||
| subsea.org | 97% | 13.2K | #2,013,387 | View details | |
| salvex.com | 97% | #791,806 | View details | ||
| drillingcontractor.org | 94% | #1,322,137 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for Shelf Drilling
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Related news about Shelf Drilling
Complete news archive for Shelf Drilling
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Frequently Asked Questions about Shelf Drilling
Shelf Drilling was founded in 2012.
Shelf Drilling is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Shelf Drilling has 3,850 employees.
The primary company behind Shelf Drilling, Shelf Drilling Offshore Services (India) Private Limited, reported revenue of ₹5.97 Cr for FY 2025, down 21% year on year.
Shelf Drilling is engaged in providing offshore drilling services through jack-up rigs. Operations are centered in the energy sector, specifically targeting offshore oil and gas exploration and production. The company is committed to safety and operational performance while fostering long-term relationships with customers and suppliers. Services are offered globally across various regions with a focus on reliability and efficiency in challenging offshore environments.
Shelf Drilling offers Jack-up Operations.
Yes, Shelf Drilling is publicly traded on OSL under the ticker symbol SHLF.
Shelf Drilling has 3 investors. Key investors include AdihGroup, Lime Rock Partners, and Castle Harlan.
Shelf Drilling operates through Shelf Drilling Offshore Services (India) Private Limited.
Yes. Shelf Drilling was acquired by AdihGroup in August 2025.
The legal entities of Shelf Drilling currently have 2 directors, including Rohit Dhirawat, Narender Jindal.