Based in the Gulf State, Gulf Drilling International (GDI) will be chasing work in both Qatar and other Gulf states.
According to Qatar’s second Deputy Premier Minister of Energy and Industry, Abdullah Ibn Hamad Al-Attiyah, “The establishment of a national drilling company constitutes an important stage in contributing to the development of oil and gas in the state of Qatar, support the local economy and create employment opportunities for Qataris to work in the management and operations of an internationally recognised drilling company.”
Set with an investment capital of US$258 million, GDI will have six rigs – four offshore jack-ups and two land rigs – during the initial three years of the JV but plans to expand into support services like offshore accommodation barges and work over rigs.
Qatar Petroleum owns 60% of the company while JDC holds the remaining 40%.
