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
 Nov 26 2014 - Arab, Jordanian officials discuss educational issuesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Head of Kuwait Cultural Office in Amman Dr. Mohammad Al-Dhefeeri organized Tuesday a meeting with Minister of Higher Education Ameen Mahmoud and presidents of ...

 Nov 26 2014 - Qatar's awards USD3.8b in contracts for portMENAFN
(MENAFN) Qatar's Transportation Ministry said that it has awarded contracts for its new container port with an estimated worth of USD3.8 billion, with nearly 53 percent of these contracts being won ...

 Nov 26 2014 - Second air raid on Libya's Mitiga airportKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Jetfighter of the retired major general Khalifa Haftar's forces launched Tuesday its second air raid in 24 hours on the opposition-held Mitiga air base in ...

 Nov 26 2014 - Kuwait, Florence seek improved bilateral cooperation relationsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's Ambassador to Italy Sheikh Ali Khaled Al-Jaber Al-Sabah met Tuesday with Mayor of Florence Dario Nardella.During the meeting, the two sides discussed ...

 Nov 26 2014 - Libya's latest violence worries BanKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The recent escalation of violence in Libya including the air strikes in Tripoli and the Nafousa Mountains in the west, as well as in Benghazi and its environs in ...

 Nov 26 2014 - Syrian economy down 40 percent since 2011Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Syria's economy contracted some 40 percent since 2011, as this conflict affected every Syrian, it was announced here.Not only the economy, but unemployment now ...

 Nov 26 2014 - Kuwaiti students "part of Jordanian society" - Jordanian MinisterKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The large number of Kuwaiti students seeking higher education in Jordan reflected the strong relations between our two brotherly nations, said Jordanian Minister ...

 Nov 26 2014 - Blast injures two Bahraini policemen Tuesday nightKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Two Bahraini policemen were slightly injured Tuesday night as a terrorist attack took place in Diraz area, northern the capital who were rushed to hospital to ...

 Nov 26 2014 - Kuwait- Plummeting oil prices to dominate OPEC's meeting ThursdayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The 166th OPEC ministerial meeting, due Thursday here, is widely seen by international observers and analysts as one of the most anticipated meetings in years due ...

 Nov 26 2014 - Kuwait calls for disarmament of all WMDKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) A Kuwaiti delegation will be participating in the 19th session of the Conference of the States Parties of the Organisation for the Prevention of Chemical Weapons ...

more...


 






Google

 
 

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