Gulf Drilling International

Gulf Drilling International
TypePublic
IndustryOil and gas
FoundedMay 2004
Headquarters
9th and 10th Floors, Palm Tower B, West Bay, Doha
,
Qatar
Key people
Marcus Barraclough - CEO
ProductsOffshore drilling, Onshore drilling and associated services, Offshore accommodation, Liftboat and Offshore Platform support
Owners2004-2007 • Qatar Energy (QP) 60% • Japan Drilling Company (JDC) 40%
2007-2008 • QatarEnergy (QP) 70% • Japan Drilling Company (JDC) 30%
2008 - 2014 • Gulf International Services Q.S.C. (GIS) 70% • Japan Drilling Company (JDC) 30%
1 May 2014 onward • Gulf International Services Q.S.C. (GIS) 100%,
ParentGulf International Services
Websitewww.gdi.com.qa

Gulf Drilling International Limited (GDI) is a Qatari oil drilling company based in West Bay, Doha.[1]

History

Gulf Drilling International was established on 18 May 2004, as the first drilling contractor in Qatar, 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 stake to 70%.[2][3][4][5][6]

In April 2014, GIS signed a Declaration of Share Purchase Agreement (DSPA) with JDC to acquire JDC's remaining 30% shares of GDI. This made GDI a wholly owned subsidiary of GIS as of 1 May 2014. [7]

Gulf International Services (GIS) is a public shareholding company listed on the Qatar Exchange and partly owned by QatarEnergy. It operates in the oil and gas services sector. 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.[8][9][10][11]

In May 2019, GDI was awarded six of the eight offshore jack-up drilling rigs for the North Field Expansion Project, with drilling activities beginning in January 2020.[12] Following the award, GDI formed a 50:50 joint venture with Seadrill Limited to manage and operate five jack-up rigs with QatarEnergy. The five contracts are worth $656 million.[13]

In 2024, GDI acquired the remaining 50% stake in the GulfDrill joint venture and three jack-up rigs from Seadrill.

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. GDI also manages a lift boat on behalf of its client under contract.[3][5][14]

GDI is a major provider of offshore and onshore drilling services in Qatar. Its client base in Qatar includes QatarEnergy. 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.[3][4][15][16]

GDI's offshore jack-up rig Dukhan 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 named Halul and a lift boat named Al-Safliya. Both assets have client contracts and began operations in 2016. Al-Safliya was the first newly built lift boat by GDI from a shipyard in Qatar.[17]

GDI operates infrastructure and equipment to support its drilling activities, including crew accommodations, warehousing facilities, workshops, cranes, and transportation equipment.[18][4][19][20][21]

Fleet status

[18][4][5][22][23]

Offshore Jack-Up Rigs

As of December 2024, all of GDI's offshore jack-up rigs are on contract.

  • Al-Bidda
  • Al-Jassra
  • Al-Khor
  • Al-Wajba
  • Al-Zubarah
  • Dukhan
  • Halul
  • Laffan
  • Les hat
  • Mesaieed

Offshore Accommodation Barges

As of December 2024, GDI's only offshore accommodation barge is on contract.

  • Zikreet

Lift Boats

As of December 2024, one of GDI's lift boats is on contract, while the other has a contract in place.

  • Rumailah
  • Al Safliya[a]

Onshore Rigs

As of December 2024, all of GDI's onshore rigs are on contract.

  • GDI-1
  • GDI-2
  • GDI-3
  • GDI-4
  • GDI-5
  • GDI-6
  • GDI-7
  • GDI-8

Notes

  1. ↑ This lift boat has a contract in place as of December 2024.

References

  1. ↑ "GULF DRILLING INTERNATIONAL LIMITED(Q.S.C)". Dun & Bradstreet, Inc. Retrieved 18 November 2024.
  2. ↑ Gulf Drilling International Annual Report : 2013 Company Profile
  3. 1 2 3 Gulf Drilling International Company Profile
  4. 1 2 3 4 ""Gulf Drilling International Website – Home Page"". Archived from the original on 1 August 2018. Retrieved 9 December 2013.
  5. 1 2 3 ""Gulf Drilling International Website – Operations Fleet Status Report- Jan 2013"" (PDF). Archived from the original on 24 September 2015. Retrieved 9 December 2013.
  6. ↑ Today, Offshore Energy (11 May 2011). "Singapore: Gulf Drilling International Ltd. Orders Two Jackup Rigs from Keppel". Offshore Energy. Retrieved 19 January 2023.
  7. ↑ Newspaper, The Peninsula (8 July 2014). "GIS completes buyout of JDC's 30pc stake in GDI". thepeninsulaqatar.com. Retrieved 19 December 2024.
  8. ↑ "Gulf International Services Website – Latest News – GDI inaugurated Al-Jassra Drilling Rig"
  9. ↑ "Gulf Helicopters". qp.com.qa. Retrieved 26 November 2019.
  10. ↑ "Qatar: Al Koot Insurance wins contract from Qatar Airways". Middle East Insurance Review. Retrieved 26 November 2019.
  11. ↑ "Qatar's Gulf International signs $170 mln loan to fund buy". Reuters. 4 June 2012. Retrieved 26 November 2019.
  12. ↑ "QP awards contracts for drilling rigs for North Field Expansion Project". Gulf-Times (in Arabic). 1 May 2019. Retrieved 26 November 2019.
  13. ↑ "Seadrill venture in $656 million Qatar rig contract". euronews. 16 August 2019. Retrieved 26 November 2019.
  14. ↑ "Gulf Drilling International (GDI)". qp.com.qa. Retrieved 26 November 2019.
  15. ↑ Jarvis, Barry (12 January 2016). "Gulf Drilling International Ltd". Energy Oil and Gas. Retrieved 26 November 2019.
  16. ↑ "Report: Gulf Drilling inks rig contracts with Shell and North Oil Co". Offshore Energy Today. 13 January 2019. Retrieved 26 November 2019.
  17. ↑ "Nakilat-Keppel O&M Completes Keel Laying for GDI's Newbuild Liftboat". www.rigzone.com. Archived from the original on 21 February 2016. Retrieved 26 November 2019.
  18. 1 2 ""Gulf Drilling International Website – Media Center"". Archived from the original on 15 July 2018. Retrieved 9 December 2013.
  19. ↑ Gulf Drilling International Annual Report: 2011 Highlights
  20. ↑ Gulf Drilling International Annual Report: 2011 Message from the Board of Directors and Management
  21. ↑ "GDI Buys Ensco Jackup". www.rigzone.com. Retrieved 19 January 2023.
  22. ↑ Gulf Drilling International Annual Report : 2011 Operational View
  23. ↑ Rigzone.com – Offshore Drilling Rig Data
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