Our goal is to provide relevant, financially material, and industry specific sustainability information to stakeholders.

KEY 2023 STATISTICS

16

Locations

~4,200

Employees

57

Nationalities

32%

Total Females Onshore
(excluding Corporate)

89%

Offshore National
Content

NATIONALIZATION / LOCAL EMPLOYMENT

A focus on nationalization remains central to our Company strategy. We view nationalization as important both to ensuring a sustainable business, and to contributing to the communities in which we operate in. Since our inception, we have focused on building high national content through hiring and developing nationals from the countries in which we operate, including across our leadership teams. The continued drive and commitment to build high national content has resulted in nationals representing 89% of our offshore workforce as of December 31, 2023.

Our high national content strengthens customer and governmental relationships, particularly with NOCs, and results in relatively low employee turnover.
Offshore Nationalization Percentage in Main Countries of Operations

Nationals

Expats

HUMAN RIGHTS AND LABOR RIGHTS

Human rights: Shelf Drilling is committed to respecting fundamental human rights as described in the UN Guiding Principles on Business and Human Rights, both internally and with business partners, suppliers, customers and others who are directly affected by the Company’s activities.

Labor rights: Shelf Drilling respects labor rights as described in the fundamental conventions of the International Labor Organization (ILO), including freedom of association, collective bargaining, forced and compulsory labor, child labor and discrimination in respect of employment and occupation.

DIVERSITY AND EQUAL OPPORTUNITY

Shelf Drilling is committed to a policy of equal opportunity employment for all employees and applicants for employment. The Company recruits, hires, trains, promotes, and compensates without regard to race, color, national origin, citizenship, religion, gender, sexual orientation, marital status, age, or any other category of persons to the extent protected by applicable laws.

Nationality Distribution
Offshore
Corporate & Shore Base
Gender Distribution

TRAINING AND DEVELOPMENT

For offshore employees, Shelf Drilling provides access to a comprehensive training and development program that enables employees to progress from entry level positions through to the most-senior level on the rig. For onshore employees, development plans are specific to the individual, their current role and potential future opportunities.

90.3% training compliance in 2023

Including shipyards and project rigs

Shelf Drilling encourages ongoing, continuous dialog between employees and supervisors to drive employee performance and development.