GDI takes possession of eighth jack-up drilling rig

January 21, 2014 - 10:22:58 am


Doha: Gulf International Services, the largest service group in Qatar, completed the acquisition of its eighth jack-up drilling rig by its drilling joint venture, Gulf Drilling International. “We are pleased to be receiving the first of two new rigs expected this year. The rig will undergo upgrade work in a shipyard as part of its mobilisation to incorporate client requested equipment and features,” said Ibrahim J Al Othman, Chief Executive Officer, GDI. “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,” he said. A five-year contract for this rig was signed earlier at a total value of QR865m, and GDI looks forward to many years of quality service to its valued clients with this rig.