OREANDA-NEWS. Gulf International Services released a brief statement stating that its wholly owned subsidiary, Gulf Drilling International has implemented several cost optimization initiatives to reduce operation costs of all onshore and offshore rigs due to the lower demand for drilling rig services. Accordingly, GDI has informed its clients of changed daily rates, based on the dialogues and negotiations agreed with clients in line with the market rates.

It is expected that the daily rates charged by GDI for drilling rig services will be revisited when oil prices start to improve.