We aspire to be a World Class Drilling Service Provider providing safe, efficient & innovative drilling services. 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 70.00%. 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 and Al-Koot Insurance Company.
GDI is a growth-oriented company. In just 5 years (2004 to 2009), GDI’s rig fleet has grown to nine (9) rigs and its workforce from 100 to 1,000 employees. Our current operating rig fleet consists of five (5) offshore jack-up rigs and four (4) land rigs.