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%). The paid-up capital was US$ 103.2 Million.
In July 2007, QP acquired a further 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% shares of GDI along with 100% 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) drilling rigs and its workforce to over 1,080 employees. Our current fleet consists of six (6) offshore jack-up drilling rigs, six (6) land rigs and 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 was 86% of onshore operations and more than 40% of offshore operations markets respectively.
GDI will have two (2) new rigs delivered from shipyards in September 2013 and August 2014 respectively. Having those additional rigs, GDI will raise its share of the offshore market to 50% by 2015.
We are a World Class Drilling Services Company providing safe, efficient & cost effective drilling services.