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Maersk Oil Qatar, Gulf Drilling International Sign QR770Million Deal  Join our daily free Newsletter

MENAFN - Qatar News Agency - 19/02/2013

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(MENAFN - Qatar News Agency) Maersk Oil Qatar and Gulf Drilling International (GDI) announced Monday that they signed a four-year deal worth QR 770 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 the drilling and well work-over activities in Al Shaheen field, Qatar's largest offshore oil field. Maersk Oil Qatar's Managing Director Lewis Affleck, and GDI's Chief Executive Officer Ibrahim J. Al-Othman signed the agreement.

A joint statement of both companies quoted Affleck saying "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 optimize recovery from this giant offshore oil field." He then expressed his delight that Maersk was provided with the drilling work it needed.

Al-Othman 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." GDI will use a Pacific Class 400 jack-up drilling rig. The rig will come with a 75' cantilever outreach and will provide accommodation for 150 people.

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.

 






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