Dzul A. Bakar – GC Powerlist
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Middle East 2019

Dzul A. Bakar

Vice president, general counsel and corporate secretary | Shelf Drilling

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Middle East 2019

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Dzul A. Bakar

Vice president, general counsel and corporate secretary | Shelf Drilling

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‘My prior stints with Schlumberger and Transocean and attending the INSEAD management programme played a key role in moulding me with the right skills and experience to assume my current role’, says Dzul A. Bakar on his career prior to the creation of Shelf Drilling in 2012. He was a key part of the executive management team that completed the acquisition of 38 rigs from Transocean in November 2012 that led to Shelf Drilling being formed, and has continued to be central to the company’s successes ever since. He is especially proud of being in charge of the four-person legal team of the company. ‘The privilege and opportunity to set up from scratch and establish the legal, corporate secretarial and compliance department at Shelf Drilling together with its required systems, infrastructure and processes has been a major highlight’, he says. ‘We work closely with our stakeholders to support our global operations, and in 2016 received an excellence in innovation award’ from a prominent legal industry press outlet. Bakar continues to support an extremely active transactional strategy: ‘2018 was a transformational year for Shelf Drilling’, he explains, ‘where we completed several significant transactions including a comprehensive refinancing which included collapsing five debt instruments with near term maturity into a single bond with maturity out to 2025. This culminated in the successful completion of an IPO in June on the Oslo Stock Exchange’. In 2019, the company also announced the signing of an agreement with affiliates of China Merchants which added four premium high-specification jack-up rigs to Shelf Drilling’s fleet.

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