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Home BusinessToday Deals

GDI Awarded QR1.275 Billion Long-term Contract by QP

Staff writer by Staff writer
June 18, 2014
in Deals, Energy
0
GDI Awarded QR1.275 Billion Long-term Contract by QP

Gulf Drilling International Ltd. (GDI), drilling rig

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Gulf Drilling International Ltd. (GDI), drilling rig
Gulf Drilling International Ltd. (GDI), drilling rig

Gulf Drilling International Ltd. (GDI), a wholly owned subsidiary of Gulf International Services (GIS), announced that it has been awarded a QR1.275-billion five-year contract by Qatar Petroleum for the provision of offshore drilling rig services.

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The new rig, named Dukhan, will be delivered from Keppel Fels Shipyard in Singapore and should start work for QP in offshore Qatar during the fourth quarter of this year.

This rig was custom built for GDI with features that enable it to work anywhere in Qatar. It is a high specification hi-tech rig and accommodates 150 people. The features include a 15,000 psi choke system for well control and can drill wells through 30000 ft and a cantilever that can skid out 75 feet from the edge of the hull to drill wells. Off-line stand building and 7,500 psi mud pumps are another feature that is favored by clients.

“GDI recognizes the value of the partnership and support it receives from Qatar Petroleum. Working with QP has granted us the chance to develop our skills, technologies and competencies to be a world-class drilling service company,” GDI Chief Executive Officer Ibrahim J. Al Othman said. “We are looking forward to the day when Rig Dukhan is placed into operation as it will greatly enhances GDI’s profitability and long term sustainability.” GDI has always maintained highest performance and safety standards through the quality of asset and equipment it provides and high competency of crew and staff that operate in a team work environment. Hence, recruitment and training of crew starts well ahead of contract start date to ensure safe and sound operation start-up.

Source : Qatar News Agency

Tags: DukhanGulf Drilling International Ltd. (GDI)new rigqatar petrolium
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