• Source: Gulf Drilling International

      • Gulf Drilling International Limited (GDI) is a Qatari oil drilling company based in West Bay, Doha.


      History


      Gulf Drilling International was established on May 18, 2008 as the first drilling contractor in Qatar, originally as a joint venture between QatarEnergy (QE) and Japan Drilling Co. Ltd. (JDC), in July 2007, QE acquired a 10% share from JDC, raising its ownership of shares to 70%. Eventually, GDI became 100% Qatari-owned in May 2014 under Gulf International Services, Q.S.C. (GIS).
      In April 2014, GIS signed a Share Purchase Agreement (SPA) with JDC to acquire JDC's remaining 30% shares of GDI. This made GDI a wholly owned subsidiary of GIS as of May 1, 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.
      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. 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.


      Services


      GDI provides drilling rigs and related services to oil and gas exploration and production companies in Qatar and nearby regions. The company operates twelve offshore jack-up drilling rigs, seven land rigs, one accommodation barge, and two lift boats. Additionally, GDI manages a lift boat on behalf of its client under contract.
      GDI holds a 60% share of the offshore drilling market and a 100% share of the onshore drilling market in Qatar. Its client base in Qatar includes QatarEnergy and other international oil and gas operators involved in well operations. International clients of GDI include Qatar Shell Services Company, North Oil Co., Occidental Petroleum of Qatar Ltd., Maersk Oil Qatar, Qatargas, JX-Nippon Oil & Gas Exploration, QatarEnergy Development Company, and Dolphin Energy Limited.
      GDI delivered its offshore jack-up rig, Dukhan, which began operations in November 2014. In 2014, the company 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 have client contracts and began operations in 2016. Al-Safliya is GDI's first newly built lift boat from a shipyard in Qatar.
      GDI invests in infrastructure, logistics, and associated equipment to support their expansion, which includes crew accommodations, warehousing and yard facilities, workshops, cranes, water well drilling units, heavy transportation carriers, and site preparation equipment.


      Fleet status as of December 2024




      References




      External links


      Official website

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