Gulf Drilling International
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| Company type | Public |
|---|---|
| Industry | Oil and gas |
| Founded | May 2004 |
| Headquarters | 9th and 10th Floors, Palm Tower B, West Bay, Doha , |
| Products | Offshore drilling, Onshore drilling and associated services, Offshore accommodation, Liftboat and Offshore Platform support |
| Revenue |  US$ 542.5 million (2014) |
| US$ 201.4 million (2014) | |
| Total assets | US$ 1712.8 million (2014) |
| Owners | 2004-2007 • 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%, |
| Website | www.gdi.com.qa |
Gulf Drilling International Limited (GDI) is a Qatari shareholding company based in West Bay, Doha.[1]
History
[edit]Gulf Drilling International was established on 18th May 2004 as the first drilling contractor in the State of Qatar. Originally a joint venture between QatarEnergy and Japan Drilling Co. Ltd. (JDC), in July 2007, QP acquired a 10% share from JDC, raising its ownership to 70%. On 12th February 2008, GDI's shares held by QP were transferred to Gulf International Services Q.S.C. (GIS).[2][3][4][5][6]
In April 2014, GIS signed a Share Purchase Agreement (SPA) with JDC to acquire JDC's remaining 30% shareholding of GDI. This made GDI a wholly owned subsidiary of GIS as of 1 May 2014.
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.[7][8][9][10]
In May 2019, GDI was awarded six of the eight offshore jack-up drilling rigs to execute the North Field Expansion Project, with drilling activities starting in January 2020.[11] 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.[12]
Services
[edit]GDI specializes in providing drilling rigs and associated services to the oil and gas exploration and production companies in Qatar and surrounding countries. The company operates twelve offshore jack-up drilling rigs, seven land rigs, one accommodation barge, and two lift boats. GDI also has a lift boat on contract through a vessel it manages on its owner's behalf.[3][5][13]
GDI currently holds a 60% share of the offshore drilling market and a 100% share of the onshore drilling market in Qatar. Within Qatar, GDI's client base includes QatarEnergy and other international oil and gas operators conducting well operations. GDI's international oil company clients include Qatar Shell Services Company W.L.L. (Shell), North Oil Co., Occidental Petroleum of Qatar Ltd. (Oxy), Maersk Oil Qatar (MOQ), Qatargas, JX-Nippon Oil & Gas Exploration Corporation (JX-Nippon), QatarEnergy Development Company and Dolphin Energy Limited (Dolphin).[3][4][14][15]
GDI continues to expand its scope, footprint, and market share. The company has delivered its latest offshore jack-up rig, 'Dukhan,' which started operations in November 2014. In 2014, GDI 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 already have client contracts and are expected to start operations in 2016. Al-Safliya would be GDI's first newly built lifeboat from a shipyard in Qatar.[16]
GDI is investing in infrastructure, logistics, and associated equipment to support the expansion, which includes crew accommodations, warehousing and yard facilities, workshops, cranes, water well drilling units, heavy transportation carriers, and site preparation equipment.[17][4][18][19][20]
Fleet status as of January 2019
[edit]| Rig Name | Rig Type / Contractual Status | Operator |
|---|---|---|
| West Tucana | Offshore Jack-Up / On Contract | Qatargas Operating Limited |
| Al-Wajba | Offshore Jack-Up Rig / On Contract | QatarEnergy |
| Al-Khor | Offshore Jack-Up Rig / On Contract | Qatar Shell Services W.L.L |
| Al-Zubarah | Offshore Jack-Up Rig / On Contract | QatarEnergy |
| Al-Jassra | Offshore Jack-Up Rig / On Contract | Qatargas Operating Limited |
| Les hat | Offshore Jack-Up Rig / On Contract | Qatargas Operating Limited |
| Msheireb | Offshore Jack-Up Rig / Ready for potential opportunities | - |
| Dukhan | Offshore Jack-Up Rig / On contract | QatarEnergy |
| Halul | Offshore Jack-Up / On Contract | QatarEnergy |
| Zikreet | Offshore Accommodation Barge / On Contract | QatarEnergy |
| Rumailah | Lift Boat / On Contract | QatarEnergy Development |
| Al Safliya | Lift Boat / Contract in place | QatarEnergy Development |
| GDI-1 | Onshore Rig / On Contract | QatarEnergy |
| GDI-2 | Onshore Rig / On Contract | QatarEnergy |
| GDI-3 | Onshore Rig / On Contract | QatarEnergy |
| GDI-3 | Onshore Rig / On Contract | QatarEnergy |
| GDI-4 | Onshore Rig / On Contract | QatarEnergy |
| GDI-5 | Onshore Rig / On Contract | QatarEnergy |
| GDI-6 | Onshore Rig / On Contract | QatarEnergy |
| GDI-7 | Onshore Rig / Contract in place | QatarEnergy |
| GDI-8 | Onshore Rig / Contract in place | QatarEnergy |
References
[edit]- ^ "GULF DRILLING INTERNATIONAL LIMITED(Q.S.C)". Dun & Bradstreet, Inc. Retrieved 18 November 2024.
- ^ Gulf Drilling International Annual Report : 2013 Company Profile
- ^ a b c Gulf Drilling International Company Profile
- ^ a b c d ""Gulf Drilling International Website – Home Page"". Archived from the original on 1 August 2018. Retrieved 9 December 2013.
- ^ 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.
- ^ Today, Offshore Energy (11 May 2011). "Singapore: Gulf Drilling International Ltd. Orders Two Jackup Rigs from Keppel". Offshore Energy. Retrieved 19 January 2023.
- ^ "Gulf International Services Website – Latest News – GDI inaugurated Al-Jassra Drilling Rig"
- ^ "Gulf Helicopters". qp.com.qa. Retrieved 26 November 2019.
- ^ "Qatar: Al Koot Insurance wins contract from Qatar Airways". Middle East Insurance Review. Retrieved 26 November 2019.
- ^ "Qatar's Gulf International signs $170 mln loan to fund buy". Reuters. 4 June 2012. Retrieved 26 November 2019.
- ^ "QP awards contracts for drilling rigs for North Field Expansion Project". Gulf-Times (in Arabic). 1 May 2019. Retrieved 26 November 2019.
- ^ "Seadrill venture in $656 million Qatar rig contract". euronews. 16 August 2019. Retrieved 26 November 2019.
- ^ "Gulf Drilling International (GDI)". qp.com.qa. Retrieved 26 November 2019.
- ^ Jarvis, Barry (12 January 2016). "Gulf Drilling International Ltd". Energy Oil and Gas. Retrieved 26 November 2019.
- ^ "Report: Gulf Drilling inks rig contracts with Shell and North Oil Co". Offshore Energy Today. 30 January 2019. Retrieved 26 November 2019.
- ^ "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.
- ^ a b ""Gulf Drilling International Website – Media Center"". Archived from the original on 15 July 2018. Retrieved 9 December 2013.
- ^ Gulf Drilling International Annual Report: 2011 Highlights
- ^ Gulf Drilling International Annual Report: 2011 Message from the Board of Directors and Management
- ^ "GDI Buys Ensco Jackup". www.rigzone.com. Retrieved 19 January 2023.
- ^ Gulf Drilling International Annual Report : 2011 Operational View
- ^ Rigzone.com – Offshore Drilling Rig Data
