Gulf Drilling signs Dolphin drilling contracts

Gulf International Services (“GIS” or “the group”; QE: GISS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation, and catering services, announces that its subsidiary Gulf Drilling International (GDI) have signed a contract for Drilling Rig Services. The contract was signed by Mr. Mubarak A. Al Hajri, Managing Director & Chief Executive Officer of GDI and Mr. Hassan Al-Emadi, General Manager, Dolphin Energy – Qatar.

The work under this contract will be performed by the high spec jack-up rig “Al Jassra” and will consist of drilling three wells on the DOL 1 production platform located in offshore waters of Qatar. The service will commence in February.

GDI has provided liftboat services to Dolphin Energy in the past and noted that its new liftboat Al Safliya’ is set to commence working for Dolphin Energy under a 5-year contract later this month.

Mr. Mubarak A. Al Hajri, Managing Director (MD) & Chief Executive Officer of GDI said: “I am pleased that GDI has concluded this significant contract with Dolphin Energy as it will broaden our clientele and business portfolio. Even though GDI and Dolphin Energy have had a long standing relationship, “Al-Jassra” is the first drilling rig from GDI’s fleet to work for Dolphin Energy. This contract will provide us an opportunity to demonstrate the highest levels of professional expertise all the while improving our overall rig utilization. GDI’s practice of focusing on client needs and satisfaction will lead to a “win-win” relationship for both GDI and Dolphin Energy. We are grateful to be of valuable service to our client. “The Al Jassra contract will provide GDI with an opportunity to display our drilling expertise to Dolphin Energy while improving our overall rig utilization. We are confident that our attention to detail and focus on fulfilling Dolphin’s needs will result in a “win-win” relationship for GDI and Dolphin Energy. We are grateful to be of valuable service to Dolphin Energy”.

Commenting on the signing of the agreement, Mr. Hassan Al-Emadi, General Manager, Dolphin Energy – Qatar, said: “We are delighted to partner with GDI once again and this contract demonstrates our relationship with GDI continues to go from strength to strength. This project is another important development in the history of our company”.

Furthermore, Mr. Ebrahim Ahmad Al-Mannai, Managing Director, Gulf International Services commented on the signing of the agreement: “GIS is pleased with this fruitful partnership of its subsidiary GDI and Dolphin Energy. As we are commitment to increase the company’s shareholder value, we are looking forward to the start of operation of “Al Jassra” for Dolphin Energy”.

Source:  www.gdi.com.qa