Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - GDI Takes Possession of 8th Jack-Up Rig for Oxy,  Join our daily free Newsletter

MENAFN - Qatar News Agency - 21/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Gulf International Services (GIS) confirmed the completion of the acquisition by its drilling joint venture, Gulf Drilling International (GDI), of its eighth jack-up drilling rig, and its imminent mobilisation to Qatar.



The rig has been named Msheireb after a district in the heart of Doh



The rig is being towed to Qatar where she will be prepared with upgrades to provide smooth and seamless duty to its client, Oxy, at the NKOM shipyar



A five year contract for this rig was signed earlier at a total value of QR 865 million, and GDI looks forward to many years of quality service to its valued clients with this ri



GDI's Chief Executive Officer Ibrahim



Al Othman said: "We are pleased to be receiving the first of two new rigs expected this yea



The rig will undergo upgrade work in a shipyard as part of its mobilisation to incorporate client requested equipment and feature



GDI's staff and crew have worked hard to enable the smooth transfer of this additional asset. This is another step in our expansion plan to grow our rig fleet and our client portfolio." Gulf Drilling International QSC was incorporated in 2004 as a joint venture between Qatar Petroleum (60%) and Japan Drilling Company (40%



Subsequent to exercising a share option provision within the joint venture agreement, QP increased its stake to 69.99% and then transferred this shareholding to GI



GDI has no subsidiaries or associates, and is not party to any subordinate joint venture arrangements.

 


Qatar News Agency




  MENA News Headlines
 Jul 31 2015 - Telecoms consider Gulf markets after poor Q2MENAFN
(MENAFN) Gulf stock markets were narrowly mixed yesterday as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Saudi Arabia's main index inched down ...

 Jul 31 2015 - Tunisia cuts own growth estimationMENAFN
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.Tourism revenues represent about 7% of the economy, and, adding to ...

 Jul 31 2015 - Vodafone Qatar increase plans stay on trackMENAFN
(MENAFN) Vodafone Qatar, which has witnessed a 5% jump in customer base to USD 1.42mn in the first three months of this year.Revenue was down 8% to QR537.9mn and mobile average revenue per user.The ...

 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help