QP signs $467m deal with Gulf Drilling
Doha, June 9, 2013
Qatar Petroleum (QP) has signed contract extensions worth a total of 1.7 billion Qatari riyals ($466.9 million) to continue using two drilling rigs owned by Gulf Drilling International (GDI), GDI said in a stock market statement on Sunday.
The contracts signed with state-run QP are five-year extensions to existing service contracts on two offshore rigs owned by GDI, which is a 70 percent-owned subsidiary of Gulf International Services. - Reuters