Shelf Drilling (Shelf Drilling) Construction In Progress : $0.0 Mil (As of Mar. 2024)

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What is Shelf Drilling Construction In Progress?

Shelf Drilling's quarterly construction in progress increased from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($43.7 Mil) but then declined from Dec. 2023 ($43.7 Mil) to Mar. 2024 ($0.0 Mil).

Shelf Drilling's annual construction in progress increased from Dec. 2021 ($25.2 Mil) to Dec. 2022 ($84.1 Mil) but then declined from Dec. 2022 ($84.1 Mil) to Dec. 2023 ($43.7 Mil).

Shelf Drilling Construction In Progress Historical Data

The historical data trend for Shelf Drilling's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shelf Drilling Construction In Progress Chart

Shelf Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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89.97

97.69

25.18

84.10

43.70

Shelf Drilling Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Construction In Progress	Get a 7-Day Free Trial															-	-	-	43.70	-

Shelf Drilling Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Shelf Drilling (Shelf Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling Ltd (OTCPK:SHLLF) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

SHLFo:Sweden SHLF:Norway SHLFo:UK 6SD:Germany

Address

One JLT, Jumeirah Lakes Towers, P.O. Box 212201, 12th Floor, Dubai, ARE

Website

https://www.shelfdrilling.com

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; United Arab Emirates; India and Other Countries.