Qatar Petroleum has signed two contracts for the offshore drilling rigs, Al-Doha and Al-Zubarah, of Gulf Drilling International, for use in QP’s offshore fields.
Each contract is for a five-year extension of both offshore rigs’ contracts which will end in 2018. The two contracts’ combined value totals $470 million.
The contracts were signed by H.E. Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and QP Chairman and Managing Director, and Mr. Ibrahim J. Al-Othman, Chief Executive Officer of GDI.
“Qatar Petroleum places high priority on the development of national oil service companies, and is pleased to give its full support to GDI,” said Dr. Al-Sada.
Ibrahim J. Al Othman, Chief Executive Officer of GDI, said: “GDI is fully aware of the value resulting from the support it receives from Qatar Petroleum. Working with QP has granted us the chance to develop our skills, technologies and the required competencies to be a world-class drilling service provider.”
