OREANDA-NEWS. Gulf International Services (“GIS” or “the group”; QE: GISS), the largest services group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance, fund management, onshore and offshore drilling, accommodation barge, helicopter transportation, and catering services.

GIS announced today that the Accommodation Jack-up "Rumailah" owned by its subsidiary “Gulf Drilling International” is subject to repair and maintenance after the punch through incident on 5th of July 2015 in Al Shaheen field which is being operated by Maersk Oil Qatar.

The Barge will be taken to Nakilat shipyard for repair and maintenance, which is expected to take a few months approximately.

GDI advised that there were no personal injuries and that all personnel had been safely evacuated from the vessel.

ABOUT GIS

Gulf International Services QSC was incorporated as a Qatari joint stock company on February 12, 2008 by Resolution Number 42 of 2008 of the State of Qatar’s Ministry of Economy and Commerce, pursuant to its Memorandum and Articles of Association and Law Number 5 of 2002 concerning Commercial Companies. The authorised share capital is QR 2 billion with the issued share capital consisting of 148.7 million ordinary shares and 1 special share. Through the group companies, Gulf International Services QSC operates in four distinct segments - insurance and reinsurance, drilling, helicopter transportation and catering services. Qatar Petroleum provides all of the head office functions for Gulf International Services QSC through a comprehensive service directive. The operations of the subsidiaries and joint venture remain independently managed by their respective Boards of Directors and senior management teams.