Ibrahim Jassim Al-Othman
,CEO,Gulf Drilling International
Ibrahim Jassim Al-Othman and Gulf Drilling International (GDI) have enjoyed a stellar 12 months. GDI had its best safety record ever since inception, with a TRIR (Total Recordable Incident Rate) of 0.32, which is comfortably above the industry safety record for the year. The company achieved revenues of $543mn, with net profits of $201mn and total assets of $1.71bn – an all-time high.
Key to the achievement was GDI becoming a 100% subsidiary of Gulf International Services (GIS) when GIS, the main shareholder, acquired the remaining 30% shares of the joint venture shareholder Japan Drilling Company, making GDI a 100% Qatari company. Al-Othman, as the Project Manager, successfully lead the execution of the project on behalf of GIS (he is also a Director of the board of GIS).
During 2014, GDI signed contracts with IOCs and NOCs worth $2.04bn, while contracts signed with rig builders and shipyards for the construction of rigs and lifeboats were worth $352mn.
Mr. Al-Othman holds a BSc in Petroleum Engineering from the University of Southern California and an MBA in Business Administration from the American University of Beirut. He has over 27 years of experience in the oil industry working for National, International and Oil Service Companies.
