The remarkable 2009; GDI’s best year ever
The finance department in Gulf Drilling International has issued the company’s 2009 annual report book, which includes a holistic overview of the past year:
GDI had its best year ever in 2009, as measured by its strong financial and operational performance. Revenue, Net Income and Profitability all improved significantly over 2008 results. The profitability of the company continued its upward trend with Net Income amounting to 43% of Revenues in 2009 compared to 39% in 2008. The key catalysts for this historical performance were the full utilization of all rigs combined with low rig downtime.
As always safety of our employees and crew members are GDI’s top priority. GDI’s fundamental strategies are geared toward achieving consistent and outstanding performance in all aspects of our business while generating superior returns to our shareholders. We are very proud to have achieved significant improvements in safety performance, operational excellence and customer satisfaction despite our short existence of 5 years.
Another significant milestone was achieved in 2009 when GDI received IMS certification. We now have certifications for ISO 9001:2000, ISO14001:2004 and OHSAS 18001:2007. These achievements demonstrate our commitment to Quality Assurance, Health, Safety and Environment.
From an HR perspective, GDI remains dedicated to fulfilling its Qatarization program. In 2009 the employment of Qataris within the organization grew to 60% of the targeted workforce. GDI takes significant pride in its Qatarization program and is committed to achieving objectives set. In order to remain viable in the future, GDI considers the diversification of its core business, and the promotion of innovative business models, to be essential for the success and continued growth of the company.
While we have anticipated 2010 to be a challenging year, our record shows that we have been up to the task until now. We are fully confident that with a devoted staff, we are heading for another remarkable year, which puts us one step closer to becoming a world class drilling services provider.