 Gulf Drilling International (GDI) has ordered two new land rigs to work for Qatar Petroleum under newly awarded contracts. The orders from Superior Derrick Services (SDS) totaled about $53 million.
The 1500HP and 3000HP rigs will be called GDI-7 and GDI-8 respectively. GDI-7 will take 10 months to complete (Q3 of 2015) while GDI-8 will be finished in 12 months (Q4 of 2015).
The contract which was signed by Ibrahim J Al Othman, CEO of GDI and the managing partner of Superior Derrick Services, Rodney Verret will bring GDI’s land rig fleet to a total of eight including; five drilling rigs and three workover rigs.
GDI-8 will be the largest land rig in GDI’s fleet, capable of drilling extended reach wells and drill to greater depths. All eight rigs are under long term contracts with Qatar Petroleum for drilling operations onshore Dukhan field.
“GDI remains dedicated to delivering world class drilling rig services for all its clients, onshore and offshore. GDI’s land operations had improved considerably in recent years as a result of the business strategy to invest in this important segment of the business. We are looking forward with great anticipation to the day when each of these new assets is placed into operation in a safe and efficient manner,” said Al Othman.
“The addition of these two new rigs will positively impact GDI’s profitability and long term sustainability,” he added.
“SDS is pleased to have received this significant order from GDI and looks forward to providing GDI with the high quality drilling rigs that they demand… SDS is one of the few private companies capable of delivering complete onshore drilling systems from design concept to the well site. This is our first contract in Qatar and we look forward to building a long term relationship with GDI to be a viable option to provide further assets to their growing fleets,” said Rodney Verret, managing partner, Superior Derrick Services.
Gulf Drilling International is a wholly-owned subsidiary of Gulf International Services.
