KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe
LONDON - Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.
Following the announcement made in March that a Middle East client had reserved three rigs for an option period, the company confirms that these have subsequently been contracted for two years, with an option to extend by two further years. They have also been equipped with FX-Control, a newly launched +veDRILL technology.
In Oman, the company won a three year contract extension, which commences in 2021, for five rigs operating for one of the country’s leading exploration and production companies. These rigs are currently being upgraded with the group’s latest equipment automation features, which are part of the +veDRILL™ Future technology range. These aim to remove people from the red zone and reduce invisible lost time.
In addition to this, a rig in Oman has secured a new two year contract with two one year extension options.
KCA Deutag also been successful in Iraq where two rigs have had their contracts extended by one year.
In Nigeria, the company won a one year contract for one rig with an option to extend by an additional year. Additionally, three contracts were awarded in Algeria for four rigs in total. The largest is a three year contract for two of these rigs, with a two year extension option. The other two are for short drilling programs.
In the Netherlands, one rig has secured a new contract for a short drilling program with a salt mining company.
As part of the contract and to meet the challenging drilling requirements, the rig is being upgraded with a new 750t Top Drive, supplied by Bentec, KCA Deutag’s manufacturer of drilling rigs and oilfield equipment.
Commenting on the announcement, Simon Drew, KCA Deutag’s president of land said “These awards significantly increase KCA Deutag’s contract backlog and are a testament to the strength of our operational capability and reputation in the marketplace. It is also exciting to see the client response to our recently launched Well of Innovation Campaign, with a number of the new contracts now incorporating different +veDRILL technologies. We believe this adds to our already strong offering around safe and effective operations, and is another reason we are seeing strong demand for our rigs in our core markets.”
Related News ///
Connect with World Oil
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More
- Venezuela investors meet in Davos as U.S. weighs sanctions (5/20)
- Energy crunch causing ESG to fall out of favor, warns ex-BP CEO (5/20)
- Schroeder quits Rosneft job after pressure over Putin ties (5/20)
- ‘Hell no’: Finance firms tell Texas they don’t boycott energy (5/20)
- Woodside wins backing to buy BHP oil, gas amid climate backlash (5/19)