Qatar Petroleum in $467 mln deal with Gu

June 11 [Tue], 2013, 11:25
DUBAI, June 9 (Reuters) - 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 Ltd (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. ($1 = 3.6411 Qatar rials) (Reporting by Daniel Fineren; Editing by Andrew Torchia)