Gulf Drilling International

Last updated

Gulf Drilling International
Company type Public
Industry Oil and gas
FoundedMay 2004
Headquarters
9th and 10th Floors, Palm Tower B, West Bay, Doha
,
Qatar
Key people
Marcus Barraclough - CEO
Products Offshore drilling, Onshore drilling and associated services, Offshore accommodation, Liftboat and Offshore Platform support
RevenueIncrease2.svg US$ 542.5 million (2014)
Increase2.svg US$ 201.4 million (2014)
Total assets Increase2.svg US$ 1712.8 million (2014)
Owners2004-2007 • Qatar Energy (QP) 60% • Japan Drilling Company (JDC) 40%
2007-2008 • QatarEnergy (QP) 70% • Japan Drilling Company (JDC) 30%
2008 - 2014 • Gulf International Services Q.S.C. (GIS) 70% • Japan Drilling Company (JDC) 30%
1 May 2014 onward • Gulf International Services Q.S.C. (GIS) 100%,
Parent Gulf International Services
Website www.gdi.com.qa

Gulf Drilling International Limited (GDI) is a Qatari oil drilling company based in West Bay, Doha. [1]

Contents

History

Gulf Drilling International was established on May 18, 2008, as a joint venture between QatarEnergy (QE) and Japan Drilling Co. Ltd. (JDC). In July 2007, QE acquired an additional 10% share from JDC, raising its ownership stake to 70%. [2] [3] [4] [5]

By May 1, 2014, GDI became wholly owned by Gulf International Services (GIS) following the acquisition of JDC's remaining 30% share. [6]

Services

GDI provides drilling rigs and related services to oil and gas exploration and production companies primarily in Qatar. As of 2024, the company operates twelve offshore jack-up drilling rigs, seven land rigs, one accommodation barge, and two lift boats. It also manages a lift boat under contract for its clients. [3] [4]

The company's client base includes QatarEnergy and several international oil and gas operators such as Qatar Shell Services Company, North Oil Co., Occidental Petroleum of Qatar Ltd., and Qatargas. [7]

Fleet

The company's fleet includes several offshore and onshore rigs currently operational under various contracts. A detailed list of the fleet and their statuses is available on the official website. [5]

References

  1. ↑ "GULF DRILLING INTERNATIONAL LIMITED(Q.S.C)". Dun & Bradstreet, Inc. Retrieved 18 November 2024.
  2. ↑ Gulf Drilling International Annual Report : 2013 Company Profile
  3. 1 2 Gulf Drilling International Company Profile
  4. 1 2 ""Gulf Drilling International Website – Home Page"". Archived from the original on 1 August 2018. Retrieved 9 December 2013.
  5. 1 2 ""Gulf Drilling International Website – Operations Fleet Status Report- Jan 2013"" (PDF). Archived from the original on 24 September 2015. Retrieved 9 December 2013.
  6. ↑ Newspaper, The Peninsula (8 July 2014). "GIS completes buyout of JDC's 30pc stake in GDI". thepeninsulaqatar.com. Retrieved 19 December 2024.
  7. ↑ Jarvis, Barry (12 January 2016). "Gulf Drilling International Ltd". Energy Oil and Gas. Retrieved 26 November 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.