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Gulf International Drilling snatches QAR1.2 billion contract

: Sunday, July 20 - 2014 @ 16:33

In Doha, the Qatar Exchange 20 Index ended a four-session long gaining streak by falling 0.97 per cent to hit 13,155.58 points on Sunday, July 20.

Gulf International Drilling Limited gained against the trend and closed 2.86 per cent to reach QAR115. Earlier in the day, its mother company said Gulf Drilling had been awarded a new contract by Qatar Petroleum for a new hi-spec premium jack-up rig starting in the second quarter of 2016. The initial term of the contract lasts 5 years and has an estimated value of QAR1.2 billion.

Gérard Al-Fil

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Sunday, July 20- 2014 @ 16:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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