On May 18, 2004 Gulf Drilling International Ltd. (q.s.c.) “GDI” was established as the first onshore and offshore oil and gas drilling company in Qatar. GDI was formed as a joint venture between Qatar Petroleum (QP 60%), Qatar’s national oil corporation, and Japan Drilling Co., Ltd. (JDC 40%), a Japanese drilling company with more than 40 years of offshore experience. The paid-up capital was US$ 103.2 Million.
In July 2007, QP acquired another 25% of JDC shares raising their ownership in GDI to 70%. On 12th February 2008, the shares of QP were transferred to Gulf International Services (q.s.c.) “GIS” which became a public shareholding company on 26th May 2008 and is listed on the Doha Securities Market (DSM). GIS now holds 70% of the shares of GDI along with 100% of the shares of Gulf Helicopters, Amwaj Catering Services Company, and Al-Koot Insurance Company.
GDI is a growth-oriented company. GDI’s rig fleet has grown to twelve (12) rigs and its workforce to over 1,000 employees. Our current rig fleet consists of five (5) offshore jack-up drilling rigs, six (6) land rigs, one (1) accommodation jack-up. In addition, GDI operates one (1) lift boat under a management contract. Our market share at the end of 2012 is 100% of onshore operations and more than 40% of offshore operations.
GDI have ordered three (3) new rigs from shipyards due for delivery in March 2013, September 2013 and August 2014 respectively. Having those additional rigs, GDI expects to be at 50% of the offshore market share by 2015.
We are a World Class Drilling Services Company providing safe, efficient & cost effective drilling services.