GSP Offshore inks a two year contract with Gazpromneft-Sakhalin

December 20, 2013

GSP  webGSP Offshore announces GSP Saturn will provide offshore drilling services in Pechora Sea, in the south eastern part of the Barents Sea, on the continental shelf of the Russian Federation.  GSP Saturn will carry out operations under a two year contract, 2014 – 2015 with extension option for one year. The MODU’s mobilization is scheduled for May 2014.

GSP Saturn will enter service in Dolginskoye oil field where shall perform the drilling, logging, completion and testing of North-Dolginskaya № 3 well. The initial contract between GSP and Gazpromneft-Sakhalin involving GSP Jupiter operations in 2013 being postponed, extended and reassigned to GSP Saturn. 

“We consider the contract with Gazprom Neft as being a great opportunity for GSP Offshore! GSP Saturn is one of the most technologically advanced GSP’s MODUs, the rig being part of the total of 1.35 billion USD investment plan our company carried out since 2004” said Gabriel Comanescu, President and CEO of Grup Servicii Petroliere.

GSP Offshore (Grup Servicii Petroliere S.A.) is an integrated service provider to the Oil & Gas Industry, covering Fabrication, Jack-Up Drilling Rigs, Subsea Construction & Installation Vessels, Transportation & Trenching. The company is a member of the International Association of Drilling Contractors (IADC) and a full fledged member of the Russian Association of Drilling Contractors.. The GSP QHSE Management system has been successfully audited and certified as complying with standards and requirements of the International Safety Management Code.

Over the last few years the commercial relations on the Oil & Gas market in Russia have intensified as GSP considers the Russian market a strategic one. GSP owns and operates a fleet of seven mobile offshore drilling rigs, and the company has carried out drilling operations under long term contracts in the North and Black Seas, the Mediterranean Sea, Gulf of Mexico. 

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