GDI Places Order with SDS

GDI Places Order with SDS

Gulf Drilling International (GDI), a wholly owned subsidiary of Gulf International Services (GIS), the largest service group listed in Qatar Exchange announced today that it has placed a QR 193 million order with Superior Derrick Services, L.L.C. (SDS) for the construction of two new land rigs that will work for Qatar Petroleum (QP) under newly awarded contracts. The contract was signed by Chief Executive Officer of Gulf Drilling International (GDI) Mr. Ibrahim J. Al-Othman, and the Owner and Managing Partner of SDS Mr. Rodney Verret.

The 1500HP rig that is being ordered will be known as GDI-7 while the 3000HP rig will be known as GDI-8.  These rigs will take 10 and 12 months, respectively, to be delivered at SDS’s factory and are scheduled to be placed into service by GDI, following their mobilization from the U.S.A., in the 3rd and 4th quarters of 2015, respectively.