KCA Deutag nets $170 m Sonangol contract

7/17/2014

KCA Deutag nets $170 m Sonangol contract

ABERDEEN, United Kingdom -- KCA Deutag has been awarded a $170-million contract by Sonangol Pesquisa e Produção, S.A., for the provision of the Ben Rinnes jackup rig in Angola.

The two-year agreement, which comes with a two-year extension option, will see KCA Deutag’s offshore division provide drilling and completion services, in various offshore locations in Angola.  The contract will employ around one hundred people, the majority of whom will be Angolan nationals.

The Ben Rinnes is one of two jackups in KCA Deutag’s rig fleet. The rig has been operating in Gabon since January 2013, where it completed a multi-well drilling program. It has achieved an excellent performance record, celebrating six years Lost Time Incident (LTI) free in April.

KCA Deutag has been operating in Angola since 2005, where it currently manages three platform drilling rigs.

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