Maersk Oil Qatar and Gulf Drilling International (GDI) announced today they have signed a four year agreement for 770 million Qatari Riyal (USD $211 million), under which Maersk Oil Qatar will contract the Al Jassra, GDI’s Pacific Class 400 jack-up drilling rig which is currently under construction at PPL Shipyard in Singapore.
The contract covers drilling and well work-over activity in the Al Shaheen field, Qatar’s largest offshore oil field. The agreement was signed by Maersk Oil Qatar ‘s Managing Director Lewis Affleck, and GDI’s Chief Executive Officer, Ibrahim J. Al-Othman.
Mr Lewis Affleck, Maersk Oil Qatar ‘s Managing Director said: “By working closely with our partner Qatar Petroleum, Maersk Oil has started to unlock the significant potential of the Al Shaheen oil field. We have already drilled in excess of 300 wells, and we expect to drill many more in the years ahead to optimise recovery from this giant offshore oil field. We are very pleased that a Qatari-based drilling company is able to provide the world-class drilling support that we currently require – and we very much look forward to working with GDI.”
The Al Jassra will be one of the drilling rigs used to deliver Maersk Oil ‘s current field development plan, FDP 2012, which was agreed in November 2012 and calls for the drilling of 51 new wells in the Al Shaheen oil field.
Mr Ibrahim J. Al-Othman, GDI’s Chief Executive Officer said: “Today’s signing signifies an important milestone for GDI, as we begin to provide an essential role in the future development of Qatar’s largest offshore oil field. Both companies have worked tirelessly to ensure that a credible, economic and sustainable drilling rig solution is delivered. Maersk Oil has been instrumental in providing valuable input to the specifications, design preferences and features of this new rig. In the process, we have cultivated an excellent working relationship that is focused on mutually-beneficial results.”
He added: “We are pleased that Maersk Oil is committed to using the services of a Qatari-based drilling company and to supporting the country’s national vision of building local capacities and developing Qatari skills and competencies.”
The rig will come with a 75’ cantilever outreach and will provide accommodation for 150 persons. It will provide the capacity and ability to drill the extended reach wells that are needed to access the long thin reservoirs of the Al Shaheen field.
Following commissioning and dry tow, the rig is expected to arrive in Qatar mid-year, 2013.
ROME (Reuters) – An Italian judge on Friday cleared three migrant sea rescue charities that had been accused of abetting irregular immigration in complicity with human traffickers, throwing out a case opened...
April 19 (Reuters) – A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General...
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
April 19, 2024
Total Views: 2073
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.