Occidental Petroleum, GDI sign QR865m drilling service contract

November 07, 2013 - 1:12:18 pm

DOHA: Occidental Petroleum of Qatar (OPQL) and Gulf Drilling International (GDI), a subsidiary of Gulf International Services (GIS), have signed a five-year contract for OPQL to use GDI’s recently acquired drilling rig. 

The QR865m worth drilling service contract was signed in the presence of H E Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry by Steve Kelly, President and General Manager of OPQL and Ibrahim Jassim Al Othman, Chief Executive Officer of GDI. 

The ceremony was attended by Saad Sherida Al Kaabi, Director of Oil & Gas Ventures of Qatar Petroleum; Stephen I Chazen, President and Chief Executive Officer of Occidental Petroleum Corporation, and Sandy Lowe, President of Occidental Oil and Gas Corporation (OOGC), International Production. 

The event marks the third rig that GDI has under contract to Occidental Petroleum of Qatar, having already successfully deployed the Al Rayyan and Al Wajba jack-up rigs in support of their extensive development program. GDI was recently commended by OPQL for the excellent performance of its rigs.

On the occasion, Dr Al Sada hailed the visionary leadership of the Emir H H Sheikh Tamim bin Hamad bin Khalifa Al Thani and his continuous support to the oil and gas sector.  Dr Al Sada also recognised GDI’s continuous success and voiced his appreciation for what GDI has achieved.

Chazen said:“ Occidental Petroleum is fully committed not only to further development of the fields we operate in Qatar, but also to the strengthening of Qatar’s in-country capabilities in oil field services.  This contract exemplifies that commitment and we applaud GDI’s achievement in establishing itself as a world-class Qatari drilling company.”

Kelly said: “Oxy Qatar has established a strong, mutually beneficial relationship with GDI over the past several years and our commitment to this third rig for a five-year period demonstrates our confidence in GDI’s ability to continue to support our development plans with an emphasis on safe and efficient operations.”

Al Othman said: “We are pleased to supply a third rig that will form an integral part of OPQL’s development plans. We have worked hard to gain the confidence of this valued client, and that is reflected by their request for additional rigs. Our mutual success is a glowing tribute to the strong relationship we have formed and we look forward to even greater achievements coming from this partnership in the future”. 

In March 2013, Gulf Drilling International signed a  contract with Occidental Petroleum of Qatar to provide drilling services with the continued use of the Al Rayyan rig. 

The cumulative value of the three GDI rigs now under contract to Oxy stands at QR1.3bn. This significant commitment on part of OPQL will ensure a long and prosperous relationship with GDI.

The Peninsula

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