Gulf Drilling International
GDI was incorporated in 2004 as a joint venture between QatarEnergy (60%) and Japan Drilling Company (40%). Subsequent to exercising a share option provision within the joint venture agreement, QatarEnergy increased its stake to 69.99% and then transferred this shareholding to GIS. With effect from May 1, 2014, GIS exercised an option in the joint venture agreement and acquired the remaining 30% of GDI, resulting in GDI becoming a wholly-owned subsidiary of GIS. The company’s authorized and issued share capital is QR 739.7 million.
The registered head office is located at Palm Tower B, West Bay, 9th Floor, P.O. Box 9072, Doha, State of Qatar. Total headcount as of December 31, 2016 is 1,588, split between head office (155), onshore (597) and offshore (836) staff.
GDI currently has direct ownership of 15 drilling rigs (7 offshore rigs and 8 onshore rigs), which are used to drill wells suitable for oil and natural gas extraction, 1 jack-up accommodation barge and 2 liftboats.
As the only Qatari owned drilling contractor, GDI maintains a close relationship with Qatar Petroleum, due in part to QP’s indirect ownership.