Gulf Drilling International wins $1.4bn rig deals in Qatar

09 September 2014

Qatar Petroleum awards contracts on four new rigs and extensions on four existing rigs

Gulf Drilling International (GDI) has signed four new contracts and four contract extensions with Qatar Petroleum (QP) worth a combined QR5.2bn ($1.4bn) for the provision of drilling-rig services.

GDI, a subsidiary of Gulf International Services (GIS), will carry out the contracts over a period of five years.

The new contracts include work on two offshore drilling rigs – Dukhan and Halul – and two new land rigs – GDI-7 and GDI-8. Meanwhile, the company was awarded contract extensions on services on land rigs GDI-1, GDI-2, GDI-3 and GDI-4.

By mid-2016 GDI will have a total of 18 drilling rigs operating in Qatar, state-owned QP said in its announcement.

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