GDI’s Offshore Rig Stays with Oxy Qatar for Two More Years

Gulf Drilling International Limited (Q.S.C.) (“GDI”) has been awarded a two year contract by Occidental Petroleum of Qatar Ltd. (“Oxy Qatar”) for its Al-Wajba (Gulf-3) Drilling Rig.

The rig has been working for Oxy Qatar since 2008. Under the new contract the Al-Wajba will be support of Oxy Qatar’s Idd El Shargi development.

GDI’s CEO, Ibrahim J. Al-Othman commented: “I am pleased to have the Al-Wajba continue serving the needs of Oxy Qatar and it gives me great pleasure to reaffirm our strong relationship with them. The synergy that has been established between our respective companies falls right in line with what GDI hopes to accomplish with all of our clients”. I wish to thank Oxy Qatar for allowing us to be a major stakeholder in their development work”

The Al-Wajba (GULF-3) is a Marathon Le Tourneau design and was built in 1977 at Jurong Shipyard, Singapore. The rugged design permits operations in water depths of up to 270 ft while drilling to a rated drilling depth of 20,000 ft. The cantilever provides a drilling envelope extending from 15 ft to 45 ft aft of the stern and 15 ft either side of the rig’s centerline enabling the rig to access multiple wells on platforms without having to move.

Oxy’s President and General Manager Stephen A. Kelly said: “OXY has been working very effectively with GDI for the past four years. We look forward to continuing our partnership with GDI as we embark on the next phase of development.”

The companies did not disclose the value of the contract.

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Offshore Energy Today Staff, October 11, 2012