Wednesday, 21 February 2018 01:26 GMT
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GDI doubles assets in three years

(MENAFN - The Peninsula) Gulf Drilling International (GDI), a subsidiary of Qatar's largest service group Gulf International Services, has doubled its operations from nine to 18 in three years, the company said in a statement yesterday



GDI said, "In the span of just three years, the number of operations being conducted by GDI have doubled from nine to 18. All of these assets are expected to be under contract in 2014, keeping the company's utilisation rate at 100 percent.



The company is planning to expand further this year by starting operations of three more assets. The assets include a high specification jack-up rig in Dukhan. It is under construction in Singapore and Qatar Petroleum will use once it is delivered in the fourth quarter this year



A new accommodation lift-boat, Rumailah, under construction in Abu Dhabi will be used by Maersk Oil Qatar when it is delivered in the second quarter this year



A conventional jack-up rig, Msheireb, acquired earlier this year in January, is being refurbished in Ras Laffan.



Occidental Petroleum will use it after it is delivered to them in the second quarter of 2014



Over the last two years, Gulf Drilling International has added six more operations to its portfolio, the statement said.



Set up in May 2004, Qatar's first offshore and onshore drilling company, Gulf Drilling International specialises in the provision of contract land and offshore drilling services to oil and natural gas exploration and production companies



The drilling company reiterated its commitment to transparency and said it would inform Qatar Exchange any price sensitive information, if it arises, the statement added yesterday.


GDI doubles assets in three years

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