Singapore: GDI Orders Jack-Up Drilling Rig from PPL Shipyard

Singapore - GDI Orders Jack-Up Drilling Rig from PPL Shipyard

GDI announced yesterday that they have placed an order for a Pacific Class 400 jack-up drilling rig with PPL Shipyard PTE LTD (“PPL”) for delivery in March of 2013.

This marks the 3rd new build jack-up rig that GDI has ordered in the last 12 months. The contract was signed by GDI Chief Executive Officer, Mr. Ibrahim J. Al-Othman and Dr. Benety Chang, Deputy Chairman of PPL Shipyard. The rig will come with accommodation for 150 persons, have a 75’ cantilever outreach and be able to operate in water depths of up to 400’ and drilling to depths of 30,000 feet. On delivery, this jack-up will be the most technologically advanced drilling rig operating in Qatar. The total cost to place this rig into service is estimated at $250 Million.

The order with PPL marks one more segment of a US$875 million business expansion plan that will result in GDI adding three new jack-up drilling rigs, two land rigs and two jack-up accommodation barges to its fleet over the next three years.

GDI’s CEO, Ibrahim J. Al-Othman said: “We are pleased to be placing this order with PPL. We are most familiar with the PPL rig designs and consider them to be very suitable for the requirements of our clients here in Qatar. PPL is well known as a high quality rig builder and we are pleased to have placed our first order with them. I look forward to adding another high-spec premium rig to our fleet and am confident that this rig will perform to our clients’ satisfaction.”

By 2014, GDI will have eight offshore rigs in service, with five being of the ultra modern cyber variety, and six land rigs. Based on current rig counts, GDI’s share of the Qatar offshore market will exceed 50% while its share of the onshore fleet will remain at 100%. GDI is therefore well on its way to becoming the premier provider of drilling rig and associated services in Qatar.

Dr Benety Chang, Deputy Chairman of PPL Shipyard said “We are pleased that Gulf Drilling International has chosen our latest proprietary Pacific Class 400 series, a proven design that has been well-accepted by the industry. Since the launch of this Pacific Class 400 series, five such jack-ups have been ordered with one unit delivered and operating in West Africa. Another rig will soon be delivered and is scheduled for deployment in Thailand.

PPL Shipyard’s ownership of the Pacific Class 400 design gives us the flexibility of design control and the ability to customize turnkey solutions to suit our customers’ unique project requirements. Our ability to deliver early and meet Gulf Drilling International’s commitments was an added attraction for this particular rig contract. We would like to thank Gulf Drilling International for their trust and confidence in PPL Shipyard and are committed to the timely delivery of this jack-up rig. On completion, the rig would proceed to work in Qatar.”

Source: GDI, April 5, 2012

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

9th Annual Coasts and Marine Structures 2017 Conference

Discover Best Practise Strategies for Design, Planning, Construction and Asset Management

To remain competitive, Australian port operators must plan, design, manage and maintain their assets more creatively and proactively to meet future demands and drive profitability.

With this in mind, the Coast and Marine Structures Summit 2017 will focus on key considerations relevant to ensuring your existing assets are maximised and prepared to accommodate bigger vessels.

Hear from 20+ global experts including Maritime/Coastal Engineers, Contractors, Port Authorities and more, including GHD (USA), Indonesian Port Corporation (Asia), G-Group Consulting (New Zealand), Ausenco (Australia), Port Authority NSW (Australia), to name a few.

By attending this 2-day conference, you’ll learn about:

– Innovative planning and design of ports to create efficiencies that drive profit
– Best practice asset management strategies and new PIANC design principles for bulk terminals
– Proactive asset management and maintenance to improve durability and maximise and extend asset lifecycles
– Alternative material and protection techniques trialled and tested in the US and Europe
– Strategies to shift organisational culture and mindset from asset management to asset maintenance
– How you can leverage technology to increase the efficiency of your marine structures
– Case studies on retrofitting, expanding and upgrading your ports in cost-effective ways

More info

read more >

European Shipping Week 2017

European Shipping Week is intended to be a platform where policy-makers from the main EU institutions will meet and engage with European…

read more >

SNS2017 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England…

read more >

Seatrade Cruise Global

For more than 30 years, Seatrade Cruise Global has been the leading international exhibition and conference serving the cruise industry…

read more >