Gulf Drilling International

Gulf Drilling International
Company typePublic
IndustryOil and gas
FoundedMay 2004
Headquarters
9th and 10th Floors, Palm Tower B, West Bay, Doha
,
Key people
Marcus Barraclough - CEO
ProductsOffshore drilling, Onshore drilling and associated services, Offshore accommodation, Liftboat and Offshore Platform support
Revenue US$ 542.5 million (2014)
US$ 201.4 million (2014)
Total assets US$ 1712.8 million (2014)
Owners2004-2007Qatar Energy (QP) 60% • Japan Drilling Company (JDC) 40%
2007-2008QatarEnergy (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%,
ParentGulf International Services
Websitewww.gdi.com.qa

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

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. ^ a b Gulf Drilling International Company Profile
  4. ^ a b ""Gulf Drilling International Website – Home Page"". Archived from the original on 1 August 2018. Retrieved 9 December 2013.
  5. ^ a b ""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.