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FINANCIAL NEWS
Qatar’s GDI, QP sign USD1.42b contracts
09 Sep 2014
(MENAFN) Gulf Drilling International Ltd. (GDI), the largest oilfield service company in Qatar, announced signing four new contracts and four contract extensions with Qatar Petroleum (QP), QNA reported
The contracts were signed for the running of drilling rig services, with a combined value of USD1.42 billion and each one lasting for five years.
The new contracts included the provision of two new offshore drilling rigs “Dukhan” and “Halul” and two new land rigs GDI-7 and GDI-8; while the contract extensions allow the extension of services performed by four land rigs GDI-1, GDI-2, GDI-3 and GDI-4.
“The new contracts will allow continuing, as well as expanding, the important development work Qatar Petroleum is undertaking. Each of the contracted rigs is being customized to meet the best in class criteria specified by Qatar Petroleum.” GDI, a subsidiary of Gulf International Services (GIS), said
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