Oxy Qatar, GDI sign QR273m deal

July 09, 2013 - 12:14:32 am

Officials exchanging documents at the signing ceremony.

DOHA: Occidental Petroleum of Qatar Ltd (Oxy Qatar) has signed a QR273m contract with Gulf Drilling International Ltd (GDI), a subsidiary of Gulf International Services (GIS), to provide drilling services with the continued use of the Al Rayyan rig. The contract is set for a two year period until March 2015.

Steve Kelly, President and General Manager of Oxy Qatar, and Ibrahim Jassim Al Othman, CEO of GDI, signed the contract on behalf of the respective entities.

Oxy Qatar continues to use two drilling rigs Al Rayyan and Al Wajba for its extensive development programmes of the Idd Al Shargi and Al Rayyan fields. 

Steve Kelly President and General Manager of Oxy Qatar said: “Over the past five years, Oxy Qatar has developed a strong working relationship with GDI which focuses on operational excellence and a proactive safety culture. The results have been impressive, and Oxy Qatar is proud to have supported the establishment of GDI as a world class Qatari drilling company. Our continuing partnership with GDI will be key to the success of our future development plans and we look forward to maintaining and further improving performance in the coming years.”

Ibrahim Jassim Al Othman, CEO of GDI commented: “I am very pleased to sign yet another contract with Occidental Petroleum of Qatar Ltd for GDI. It represents the second consecutive contract using our Al Rayyan drilling rig, and is proof of an asset of value, that delivers the performance that Oxy demands. I am proud of the relationship we have nurtured that delivers benefits to our clients, our stakeholders and our company.”

GDI’s offshore rig “Al Wajba” on contract for drilling operations with OXY Qatar, resumed service after the completion of its major maintenance programme.  Thus GDI has maintained 100 percent operating rate for all its rigs.

GDI’s offshore rig “Al Wajba” which is now drilling for Oxy Qatar had returned to service after completing its periodic maintenance and full update. And thus GDI has maintained a 100 percent utilization rate for all its drilling fleet.

GDI has started implementing its expansion plan, which includes construction and placing into operation of 3 offshore rigs in addition to new product line of accommodation jack-up barges. In the process GDI has also added new clients to their business in Qatar and continuously improved safety records to be the best in class. This has enabled the performance that is beyond expectations.  

The Peninsula

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