Gulfdrilling

COMPANY PROFILE

2015

Gulf Drilling International

www.gdi.com.qa | T: +974 4 463 7333

An advocate for excellence in Qatar Editorial: Rosie DeWinter

With a vision to become an advocate for excellence and a world class drilling services provider, Gulf Drilling International (GDI) has become a true visionary for exponential growth since its inception in 2004. With an increasingly impressive rig fleet, GDI has recently signed a number of contracts with Qatar Petroleum, securing a busy and no doubt successful schedule for the next five years…

Over a decade ago, Gulf Drilling International Ltd (GDI), a subsidiary of Gulf International Services (GIS) the largest oilfield services company in Qatar, was established in the industry as the first onshore and offshore oil and gas drilling company in Qatar. Initially, it was formed as a result of a joint venture between Japan Drilling Co., Ltd (JDC) with 40% share and Qatar Petroleum

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(QP), Qatar’s national oil corporation with 60%.

In 2007, Qatar Petroleum acquired a further 25% of JDC shares, bringing its total share in GDI to 70%. However, in February the following year, these shares were transferred to Gulf International Services, which in May 2008, became a public shareholding company.

AN IMPRESSIVE FLEET Now a key contractor of choice in Qatar, GDI is recognised as a growth-orientated company which has seen exponential development in the ten years since its inception.

With an ever increasing workforce which has increased from 100 employees to 1,600, the company’s rig fleet, impressively, now stands at 12 rigs.

Gulf Drilling International Today, GDI’s fleet consists of six land rigs and six offshore jackup rigs but there are plans in the pipeline to further increase this to 14 drilling rigs in 2015. This new fleet formation will include eight offshore jack-up rigs, six land rigs, one accommodation jack-up rig and two lift boats.

It is clear then that GDI are focused and intent on becoming a key competitor in the industry, with aspirations to become a world class drilling service provider introducing safe, efficient and innovative drilling services.

GDI started operations by working for its single client Qatar Petroleum and now has widened its portfolio to global industry leaders including Shell, Maersk Oil, Occidental, RasGas and Dolphin Energy.

In September last year, GDI officially signed four new contracts and four contract extensions with Qatar Petroleum for the provision

“I am pleased to see this rig sail out safely to its first well location in Qatar ahead of schedule.

This marks the 5th state of the art cyber rig of GDI’s fleet and will serve to further enhance our operational capabilities while lowering the average age of our rigs”

of drilling rig services, each having a term of five years.

This includes the provision of two new offshore drilling rigs, ‘Dukhan’ and ‘Halul’ and two new land rigs GDI-7 and GDI8. The contract extensions with Qatar Petroleum also allows the continuation of services performed by four land rigs, GDI-1, GDI-2, GDI-3 and GDI-4.

THE DUKHAN LIFTBOAT The 5-year QR1.28 billion contract from Qatar Petroleum to provide offshore drilling and rig services, includes the construction of the jack-up rig, Dukhan.

Dukhan underwent its final commissioning and testing at NKOM Shipyard (Nakilat-Keppel Offshore & Marine Ltd), where various third party equipment was installed and drill pipe loaded onto it to ensure specifications were met and Qatar Petroleum’s final acceptance was achieved.

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Gulf Drilling International These strict specifications were met and Dukhan was accepted

by Qatar Petroleum, delivered from the Keppel FELS Shipyard in Singapore in August last year before being dry towed to Qatar, it was nine days ahead of schedule, on budget with a perfect safety record.

Mr. Ibrahim J. Al Othman, Chief Executive Officer at GDI, said in a statement: “I am pleased to see this rig sail out safely to its first well location in Qatar ahead of schedule. This marks the 5th state of the art cyber rig of GDI’s fleet and will serve to further enhance our operational capabilities while lowering the average age of our rigs. The inspection and acceptance process went very smoothly, allowing drilling services to commence early than expected. I want to thank QP for their excellent support and

“The inspection and acceptance process went very smoothly, allowing drilling services to commence early than expected. I want to thank QP for their excellent support and cooperation, which made the early start of drilling operations possible”

cooperation, which made the early start of drilling operations possible.”

Built to Keppel’s proprietary KFELS B Class design, the high specification rig included numerous custom built features, including a 15,000 PSI choke system for well control, allowing it to drill wells through 30,000ft with a cantilever that can skid out 75ft from the edge of the hull to drill wells, offline stand building and 7,500 PSI mud pumps. These features allow it to work anywhere in Qatar and can accommodate up to 150 people.

Dukhan is the fourth jack-up rig to be delivered to GDI by Keppel, following Al Khor, Al Zubarah and Les-hat.

Wong Kok Seng, Managing Director of Keppel Offshore & Marine and Keppel FELS explained: “We are pleased to

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deliver another major project to GDI early, on budget and to their highest satisfaction. It is a result of the strong partnership we have built with GDI over the years on a variety of projects. Repeat customers are a testament to the quality of Keppel O&M’s products and services as well as the effectiveness of our proprietary designs. I am confident that “Dukhan” will be just as successful for GDI as the three rigs we have delivered to them since 2006.

“In addition, our shipyard in Qatar, Nakilat-Keppel O&M (N-KOM), is also supporting GDI with the repair and maintenance of their rig fleet. N-KOM has © Shell PAGE 6

recently secured a contract to build a customised liftboat for GDI. We look forward to supporting GDI as they expand their offshore fleet and presence in the Middle East,” Mr Wong Kok Seng added.

BUILDING SOLID RELATIONSHIPS Following the successful delivery of the Dukhan, GDI has signed a further contract with Qatar Petroleum, valued at QR825 million, for the delivery of a new jack-up drilling rig, Halul, set to be delivered in the first quarter of 2016. Halul is the fifth KFELS B Class rig to be delivered, helping to both grow and modernise the GDI’s fleet with the

intention of reducing its average age whilst maintaining technical capabilities.

Of the new contract, Mr. Al Othman said in a statement: “GDI is pleased to be signing a contract with Keppel FELS once again for this new requirement. We have built a solid relationship with Keppel FELS, who have a reputation for reliability and dependability. The majority of our rigs are of the newer, high spec variety that have been customized to meet the needs of our clients. We make it a point to work closely with our clients in order to satisfy their requirements in a cost effective manner.”

With accommodation facilities for 150 people, a cantilever outreach

Gulf Drilling International of 70ft and a drilling depth of 30,000ft, Halul will be enabled by an off-line stand building and will be delivered equipped with multiple features, equipment and facilities, meeting the high standards GDI recently set for the delivery of Dukhan.

“We are pleased to have been chosen by GDI to build another benchmark jackup rig for them,” explained Mr Wong Kok Seng. “The KFELS B Class has established itself as a reliable high specification jack-up rig for the Middle East with more than 10 such rigs successfully operating there.

“In addition to providing newbuild jackups, our shipyard in Qatar, Nakilat-Keppel O&M, is also supporting GDI with the construction of a liftboat now

“The majority of our rigs are of the newer, high spec variety that have been customized to meet the needs of our clients. We make it a point to work closely with our clients in order to satisfy their requirements in a cost effective manner”

in progress and the repair and maintenance of their rig fleet. Our strong partnership has been built on a number of successful projects that have been delivered to them over the years and we look forward to continuing our support of GDI as they grow in the Middle East,” he added.

Looking to the future then and GDI is looking to continually focus on its core values to work safely, efficiently and to constantly improve performance, helping to add value to forthcoming projects.

With an authorised and issued share capital of QR739.6 million, the company plans to further enhance its share of the offshore market to 50% in 2015 with the prospect of acquiring more rigs over the coming years

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