PETROSAUDI

PetroSaudi International is a privately owned oil exploration and production company, with offices in Saudi Arabia, England, and Switzerland. Founded in 2005, the company is paving a pathway into the future of the energy industry through compelling multinational projects on the ground and in the marketplace. PetroSaudi is involved in oil and gas projects in energy-producing regions around the world. The company understands the complex global systems that define the energy industry and dis... tinguishes itself by forging strong relationships in every country where it does business. Through teamwork, experience, and sensitivity to local cultures and traditions, the company has built a strong international network to carry us into the 21st century. PetroSaudi's activity is focused on four core services for which it has recruited international experts: Exploration and Production, Oil Services, Energy Investment and Energy Trading. Currently (February 2015), PetroSaudi is envolved in a number of exploration and production projects in Venezuela and North Africa and Ghana. The company has two drill ships; the PetroSaudi Discoverer and the PetroSaudi Saturn. PetroSaudi Discoverer: Built in 1977, this turret moored drill-ship bears the Singaporean flag and was initially known as the Interocean Discoverer. The midwater floater changed names several times before finally being called The PetroSaudi Discoverer. Names included "Essar Discoverer", "Discoverer", "Discoverer 1" and "Neptune Discoverer". It has a gross tonnage of 5'897 tons and can drill up to 20,000 feet under water. PetroSaudi Saturn: Built in 1983 by Keppel Fels, in Singapore, it was known as the Golmar Robert F. Bauer until 2005. The ship was then named Songa Neptune and Songa Saturn before being named The PetroSaudi Saturn in November, 2010. As one of the prime examples of fine marine engineering, this 135.8m X 23.2m monohull giant has a gross tonnage of 10'155 tons and explores offshore oil and gas wells in the Caribbean Sea. The Company is not publicly traded, but a number of indicators attest to its financial health. For instance, PetroSaudi has been undergoing a series of technological upgrades. One of its two vessels, the PetroSaudi Discoverer, has also undergone extensive maintenance and upgrades in Malta.More