Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GDI doubles assets in three years  Join our daily free Newsletter

MENAFN - The Peninsula - 08/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Gulf Drilling International (GDI), a subsidiary of Qatar's largest service group Gulf International Services, has doubled its operations from nine to 18 in three years, the company said in a statement yesterday



GDI said, "In the span of just three years, the number of operations being conducted by GDI have doubled from nine to 18. All of these assets are expected to be under contract in 2014, keeping the company's utilisation rate at 100 percent.



The company is planning to expand further this year by starting operations of three more assets. The assets include a high specification jack-up rig in Dukhan. It is under construction in Singapore and Qatar Petroleum will use once it is delivered in the fourth quarter this year



A new accommodation lift-boat, Rumailah, under construction in Abu Dhabi will be used by Maesk Oil Qatar when it is delivered in the second quarter this year




A conventional jack-up rig, Msheireb, acquired earlier this year in January, is being refurbished in Ras Laffan.



Occidental Petroleum will use it after it is delivered to them in the second quarter of 2014



Over the last two years, Gulf Drilling International has added six more operations to its portfolio, the statement said.



Set up in May 2004, Qatar's first offshore and onshore drilling company, Gulf Drilling International specialises in the provision of contract land and offshore drilling services to oil and natural gas exploration and production companies



The drilling company reiterated its commitment to transparency and said it would inform Qatar Exchange any price sensitive information, if it arises, the statement added yesterday.

 


The Peninsula




  MENA News Headlines
 Feb 20 2017 - Saudi Ministry of Housing to provide 1.5 mln housing units in 5 yearsMENAFN
(MENAFN) Saudi Minister of Housing Majed Bin Abdullah Al Huqail said that the ministry is preparing to provide 1.5 million housing units in the next five years.During a meeting with Jeddah Chamber of ...

 Feb 20 2017 - Iraq increases oil reserves to 153 bln barrrelsMENAFN
(MENAFN) Iraqi Oil Minister Jabar al-Luaibi stated that Iraq's oil reserves have increased to 153 billion barrels after previous estimate of 143 billion barrels.Also he said that Iraq will ask the ...

 Feb 20 2017 - Qatar's glass market estimated to be USD195m in 2015MENAFN
(MENAFN) According to the latest report by Qatar Development Bank (QDB), Qatar's market size for glass and glass products was estimated to be QR 711m (USD195m) in 2015, as flat glass and its products ...

 Feb 20 2017 - Etihad Rail achieves a new milestone with transporting 10 million tonnes of sulphurMENAFN Press
(MENAFN Editorial) Abu Dhabi, UAE, 18 February 2017: Etihad Rail, the developer and operator of the UAE's multi-billion dollar fully integrated national railway network, has since commencing Stage ...

 Feb 20 2017 - 2016 Legatum Prosperity Index: UAE jumped from 34th position in 2015, to 28th position in 2016MENAFN Press
(MENAFN Editorial) Dubai well positioned for hair transplants with availability of reliable experts and advanced proven techniques Dubai aims to rank among the world's top 20 healthcare ...

 Feb 20 2017 - 10th edition of Saluki Championships to kick-off with 10 qualifying rounds in Amateurs categoryMENAFN Press
(MENAFN Editorial) Top three fastest qualifiers in each round to advance to the final round DUBAI, 18th February 2017: The 10th edition of the Saluki Championship organized by the Hamdan Bin ...

 Feb 20 2017 - Rising Star Svitolina Sets Sights on Dubai Duty Free Tennis Championships TitleMENAFN Press
(MENAFN Editorial) February 18, 2017 DUBAI, UAE: Elina Svitolina is thrilled to be back at the Dubai Duty Free Tennis Championships and will go into her matches full of confidence after a ...

 Feb 20 2017 - AkzoNobel calls bright young minds in MENA to join the Imagine Chemistry' challengeMENAFN Press
(MENAFN Editorial) Dubai, UAE, February 18, 2017: AkzoNobel, the world leader in performance coatings technology and innovation, is calling bright young minds working in the field of chemistry to ...

 Feb 20 2017 - ICS Financial Systems Named a Leader in World Finance 100MENAFN Press
(MENAFN Editorial) Dubai, UAE, February 18, 2017: London, UK: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that ...

 Feb 20 2017 - Panache International introduces exclusive Smart Lid for hot beveragesMENAFN Press
(MENAFN Editorial) Dubai, United Arab Emirates, February 18, 2017: Panache International, a pioneer in the disposables sector with a history of quality disposables manufacturing and excellent ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help