DRILLING IS ON

Qatar Today - - BUSINESS > OIL & GAS -

GULF DRILLING IN­TER­NA­TIONAL (GDI), A WHOLLY-OWNED SUB­SIDIARY OF GULF IN­TER­NA­TIONAL SER­VICES (GIS), WON TWO NEW CON­TRACTS TO PRO­VIDE QATAR PE­TRO­LEUM (QP) WITH DRILLING RIG SER­VICES. THE NEW CON­TRACTS WILL COVER SER­VICES TO BE PER­FORMED BY TWO NEW LAND RIGS (GDI-7 AND GDI-8) THAT GDI IS IN THE PROCESS OF AC­QUIR­ING FROM A RIG BUILDER BASED IN THE US. EACH CON­TRACT WILL HAVE A TERM OF FIVE YEARS AND THE COM­BINED VALUE OF BOTH CON­TRACTS IS QR1.1 BIL­LION.

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