Romania’s GSP Lands Its First North Sea Drilling Contract

Grup Servicii Petroliere SA (GSP) has been awarded a contract by Wintershall Noordzee B.V., for offshore drilling. The first concerns the rig GSP Saturn, presently located on the continental shelf of Tunisia, which will be relocated to provide offshore drilling services under a long term contract, initially in the Dutch sector.

GSP Saturn is scheduled to start the drilling operations in May 2012. The agreement is for an initial 12-month period. The offshore drilling rig was subject of a recent extensive upgrading and reclassification project carried out in GSP Shipyard, Romania.

Stuart Oakley, the recently appointed, GSP’s CEO said: “This contract marks the arrival of GSP in the North Sea market, in addition to our existing markets of the Black Sea, the Mediterranean, the Russian Federation and Mexico. Working from our established offices in Rotterdam and Aberdeen we anticipate further growth of our share of this market, and plan to bring additional assets to meet the North Sea demand.”

Wintershall Noordzee B.V. is based in Rijswijk and is a subsidiary of the German company Wintershall Holding GmbH, a member of the BASF group.

Grup Servicii Petroliere (GSP), is a member of Upetrom Group, and provides a wide range of integrated services in offshore drilling, offshore construction and support vessels, well services, plug and abandonment and decommissioning, hydro-technical construction, engineering, subsea installation, offshore windmill construction & installation, training. GSP is a member of the International Association of Drilling Contractors (IADC), International Well Control Forum (IWCF), and International Maritime Contractors Association (IMCA).

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GSP Offshore, March 9, 2012