Gulf International Services QSC, a Qatari oil and gas services company, seeks to set up ventures with other companies to drill outside the emirate as it faces lower rates for its rigs, the company’s chief coordinator said.

“We are under negotiations with other partners outside Qatar to start some new joint ventures to do some drilling outside Qatar,” Ebrahim Al-Mannai said today at a press conference in Doha, the emirate’s capital. [Read More]