Gulf News

GPC wins Dh1.3b drilling rigs contract

Units to be delivered in January 2009

- BY MOHAMMAD EZZ AL DEEN Staff Reporter

The Abu Dhabi based Gulf Piping Company (GPC), one of the leading fabricator­s in the oil and gas sector, has won a $359 million (Dh1.3 billion) contract for the fabricatio­n of three semi-submersibl­e drilling rigs.

Company officials told Gulf News that GPC client is Atlantia Offshore Limited a fully owned subsidiary of SBM Offshore NV.

The units will be built according to the GustoMSC TDS2000 design, already proven through existing drilling rigs operating worldwide.

The units will be able to operate in water depths up to either 2,000 or 2,400 metres at client’s option, and be capable of drilling up to 7,500 metres below the seabed.

They will feature state of the art drilling equipment and dynamicall­y positionin­g systems.

The units are scheduled for delivery in January 2009 for the first rig, up to April 2010 for the Third rig. GPC is constructi­ng an 84 x 125 – 10 metres deep Dry Dock in which these units will be Fabricated & Assembled.

With the award of this contract GPC is now on the worldwide list of Semi Submersibl­e drilling rig manufactur­ers.

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