GDI had another profitable year in 2007 posting its revenues to QR594.6 million compared to QR317.3 million in 2006 for an increase of 87%.  Net profit in 2007 also grew to QR161.0 million compared to QR78.5 million in 2006 for an increase of 105%.

Mr. Yousif Al-Khater, Chief Executive Officer of GDI, said that GDI is expanding its asset base and is now operating 8 drilling rigs (4 offshore jack up rigs and 4 Onshore land rigs) compared to 6 drilling rigs in 2006 (2 offshore jack up rigs and 4 onshore land rigs).  Consequently, the higher revenues is being driven by the increase in rig utilization and operating days.  He added that earlier last month, GDI has taken delivery of a new state of the art jack up rig, named Al-Zubarah, which is expected to drive GDI’s operating capacity, revenues and profits to a further higher achievements in 2008.

GDI will continue building on its way for excellence, having laid the foundation during the course of its short existence for substantial growth and sensible profitability. With improved drilling performance and implementation of numerous system enhancements, GDI has positioned itself to be a successful long term player in the challenging drilling services market, both in Qatar and regionally.