The company will also include other support services such as an offshore accommodation barge, work over rigs and other oil well services in the future.
The company is also expected to pursue business opportunities outside Qatar.
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Gulf Drilling International Established
Company could be a force to be reckoned with....
Japan Drilling Company and Qatar Petroleum have signed an agreement to establish the first national drilling company in Qatar named Gulf Drilling International (GDI). Qatar Petroleum owns 60% of the company while JDC holds the other 40%.
GDI will be established initially based on six rig operations (4 offshore jack-up and 2 land rigs) with an investment capital of US$258 million, during the initial three years of the joint venture.
The company will also include other support services such as an offshore accommodation barge, work over rigs and other oil well services in the future.
?The establishment of a national drilling company constitutes an important stage in contributing to the development of oil and gas in the state of Qatar, support the local economy and create employment opportunities for Qataris to work in the management and operations of an internationally recognised drilling company,? said Mr Al-Attiyah, Qatar?s second Deputy Premier Minister of Energy and Industry.
The company is also expected to pursue business opportunities outside Qatar.
The company will also include other support services such as an offshore accommodation barge, work over rigs and other oil well services in the future.
The company is also expected to pursue business opportunities outside Qatar.
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