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Gulf Drilling International

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Gulf Drilling International
Company typePublic
IndustryOil and gas
FoundedMay 2004
Headquarters
9th and 10th Floors, Palm Tower B, West Bay, Doha
,
Qatar
Key people
Marcus Barraclough - CEO
ProductsOffshore drilling, Onshore drilling and associated services, Offshore accommodation, Liftboat and Offshore Platform support
RevenueIncrease US$ 542.5 million (2014)
Increase US$ 201.4 million (2014)
Total assetsIncrease US$ 1712.8 million (2014)
Owners2004-2007 • Qatar Energy (QP) 60% • Japan Drilling Company (JDC) 40%
2007-2008 • QatarEnergy (QP) 70% • Japan Drilling Company (JDC) 30%
2008 - 2014 • Gulf International Services Q.S.C. (GIS) 70% • Japan Drilling Company (JDC) 30%
1 May 2014 onward • Gulf International Services Q.S.C. (GIS) 100%,
ParentGulf International Services
Websitewww.gdi.com.qa

Gulf Drilling International Limited (GDI) is a Qatari oil drilling company based in West Bay, Doha.[1]

History

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Gulf Drilling International was established on May 18, 2008, as the first drilling contractor in Qatar, originally as a joint venture between QatarEnergy (QE) and Japan Drilling Co. Ltd. (JDC), in July 2007, QE acquired a 10% share from JDC, raising its ownership stake to 70%. [2][3][4][5][6] Eventually, GDI became 100% Qatari-owned in May 2014 under Gulf International Services, Q.S.C. (GIS).

In April 2014, GIS signed a Share Purchase Agreement (SPA) with JDC to acquire JDC's remaining 30% shares of GDI. This made GDI a wholly owned subsidiary of GIS as of May 1, 2014. [7]

GIS is a public shareholding company owned by individual investors and select institutions, including QP. It is Qatar's largest oil sector services company, and its shares are listed on the Qatar Exchange. GIS holds 100% of Gulf Helicopters Company Q.S.C. shares, Al-Koot Insurance and Reinsurance Company S.A.Q., and Amwaj Catering Services Q.S.C.[8][9][10][11]

In May 2019, GDI was awarded six of the eight offshore jack-up drilling rigs for the North Field Expansion Project, with drilling activities starting in January 2020.[12] Following the award, GDI formed a 50:50 joint venture with Seadrill Limited to manage and operate five jack-up rigs with Qatar Energy. The five contracts are worth $656 million.[13]

Services

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GDI provides drilling rigs and related services to oil and gas exploration and production companies in Qatar and nearby regions. The company operates twelve offshore jack-up drilling rigs, seven land rigs, one accommodation barge, and two lift boats. Additionally, GDI manages a lift boat on behalf of its client under contract.[3][5][14]

GDI holds a 60% share of the offshore drilling market and a 100% share of the onshore drilling market in Qatar. Its client base in Qatar includes QatarEnergy and other international oil and gas operators involved in good operations. International clients of GDI include Qatar Shell Services Company, North Oil Co., Occidental Petroleum of Qatar Ltd., Maersk Oil Qatar, Qatargas, JX-Nippon Oil & Gas Exploration, QatarEnergy Development Company, and Dolphin Energy Limited.[3][4][15][16]

GDI delivered its offshore jack-up rig, Dukhan, which began operations in November 2014. In 2014, the company signed contracts with shipyards in Singapore and Qatar to build a new jack-up offshore drilling rig, Halul, and a lift boat, Al-Safliya, respectively. Both assets have client contracts and began operations in 2016. Al-Safliya is the first newly built lift boat by GDI from a shipyard in Qatar.[17]

GDI invests in infrastructure, logistics, and associated equipment to support their expansion, which includes crew accommodations, warehousing and yard facilities, workshops, cranes, water well drilling units, heavy transportation carriers, and site preparation equipment.[18][4][19][20][21]

Fleet status as of December 2024

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[18][4][5][22][23]

Rig Name Rig Type / Contractual Status Operator
Al-Wajba Offshore Jack-Up Rig / On Contract GDI
Al-Khor Offshore Jack-Up Rig / On Contract GDI
Al-Zubarah Offshore Jack-Up Rig / On Contract GDI
Mesaieed Offsohre Jack-Up Rig / On Contract GDI
Al-Jassra Offshore Jack-Up Rig / On Contract GDI
Les hat Offshore Jack-Up Rig / On Contract GDI
Dukhan Offshore Jack-Up Rig / On contract GDI
Halul Offshore Jack-Up rig / On Contract GDI
Laffan Offshore Jack-Up rig / On Contract GDI
Al-Bidda Offshore Jack-Up Rig / On Contract GDI
Zikreet Offshore Accommodation Barge / On Contract GDI
Rumailah Lift Boat / On Contract GDI
Al Safliya Lift Boat / Contract in place GDI
GDI-1 Onshore Rig / On Contract GDI
GDI-2 Onshore Rig / On Contract GDI
GDI-3 Onshore Rig / On Contract GDI
GDI-3 Onshore Rig / On Contract GDI
GDI-4 Onshore Rig / On Contract GDI
GDI-5 Onshore Rig / On Contract GDI
GDI-6 Onshore Rig / On Contract GDI
GDI-7 Onshore Rig / Contract in place GDI
GDI-8 Onshore Rig / Contract in place GDI

References

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  1. ^ "GULF DRILLING INTERNATIONAL LIMITED(Q.S.C)". Dun & Bradstreet, Inc. Retrieved 18 November 2024.
  2. ^ Gulf Drilling International Annual Report : 2013 Company Profile
  3. ^ a b c Gulf Drilling International Company Profile
  4. ^ a b c d ""Gulf Drilling International Website – Home Page"". Archived from the original on 1 August 2018. Retrieved 9 December 2013.
  5. ^ a b c ""Gulf Drilling International Website – Operations Fleet Status Report- Jan 2013"" (PDF). Archived from the original on 24 September 2015. Retrieved 9 December 2013.
  6. ^ Today, Offshore Energy (11 May 2011). "Singapore: Gulf Drilling International Ltd. Orders Two Jackup Rigs from Keppel". Offshore Energy. Retrieved 19 January 2023.
  7. ^ Newspaper, The Peninsula (8 July 2014). "GIS completes buyout of JDC's 30pc stake in GDI". thepeninsulaqatar.com. Retrieved 19 December 2024.
  8. ^ "Gulf International Services Website – Latest News – GDI inaugurated Al-Jassra Drilling Rig"
  9. ^ "Gulf Helicopters". qp.com.qa. Retrieved 26 November 2019.
  10. ^ "Qatar: Al Koot Insurance wins contract from Qatar Airways". Middle East Insurance Review. Retrieved 26 November 2019.
  11. ^ "Qatar's Gulf International signs $170 mln loan to fund buy". Reuters. 4 June 2012. Retrieved 26 November 2019.
  12. ^ "QP awards contracts for drilling rigs for North Field Expansion Project". Gulf-Times (in Arabic). 1 May 2019. Retrieved 26 November 2019.
  13. ^ "Seadrill venture in $656 million Qatar rig contract". euronews. 16 August 2019. Retrieved 26 November 2019.
  14. ^ "Gulf Drilling International (GDI)". qp.com.qa. Retrieved 26 November 2019.
  15. ^ Jarvis, Barry (12 January 2016). "Gulf Drilling International Ltd". Energy Oil and Gas. Retrieved 26 November 2019.
  16. ^ "Report: Gulf Drilling inks rig contracts with Shell and North Oil Co". Offshore Energy Today. 30 January 2019. Retrieved 26 November 2019.
  17. ^ "Nakilat-Keppel O&M Completes Keel Laying for GDI's Newbuild Liftboat". www.rigzone.com. Archived from the original on 21 February 2016. Retrieved 26 November 2019.
  18. ^ a b ""Gulf Drilling International Website – Media Center"". Archived from the original on 15 July 2018. Retrieved 9 December 2013.
  19. ^ Gulf Drilling International Annual Report: 2011 Highlights
  20. ^ Gulf Drilling International Annual Report: 2011 Message from the Board of Directors and Management
  21. ^ "GDI Buys Ensco Jackup". www.rigzone.com. Retrieved 19 January 2023.
  22. ^ Gulf Drilling International Annual Report : 2011 Operational View
  23. ^ Rigzone.com – Offshore Drilling Rig Data
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