KCA Deutag introduced that its land drilling operation has received new contracts price roughly $460m within the Middle East, Africa and Europe.
Following the announcement we made in March shopper had reserved three rigs for an possibility interval, KCA Deutag confirmrd that these have subsequently been contracted for 2 years, with an possibility to increase by two additional years. They have additionally been outfitted with FX-Control, one of many newly launched +veDRILL applied sciences.
In Oman, the corporate has received a 3 12 months contract extension, which commences in 2021, for 5 rigs working for one of many nation’s main exploration and manufacturing firms. These rigs are presently being upgraded with the group’s newest tools automation options, that are a part of our +veDRILL Future know-how vary. These intention to take away folks from the crimson zone and scale back invisible misplaced time.
In addition to this, one rig in Oman has secured a brand new two 12 months contract with two one 12 months extension choices.
We have additionally been profitable in Iraq the place two of our rigs have had their contracts prolonged by one 12 months.
In Nigeria, KCA Deutag received a one 12 months contract for one rig with an possibility to increase by a further 12 months.
Additionally three contracts in Algeria for 4 rigs in whole have been secured. The largest is a 3 12 months contract for 2 of those rigs, with a two 12 months extension possibility. The different two are for brief drilling programmes.
Europe
In the Netherlands, one of many firm’s rigs has received a brand new contract for a brief drilling programme with a salt mining firm.
As a part of the contract and to satisfy the difficult drilling necessities, the rig is being upgraded with a brand new 750t Top Drive, equipped by Bentec, KCA Deutag’s producer of drilling rigs and oilfield tools.”
Commenting on at this time’s announcement, Simon Drew, President of Land stated: “These awards considerably enhance KCA Deutag’s contract backlog and are a testomony to the energy of our operational functionality and popularity within the market. It can also be thrilling to see the shopper response to our not too long ago launched Well of Innovation Campaign, with various the brand new contracts now incorporating totally different +veDRILL applied sciences. We imagine this provides to our already sturdy providing round secure and efficient operations, and is another excuse we’re seeing sturdy demand for our rigs in our core markets.”
(Source and picture: KCA Deutag/drilling rig within the Middle East)

The submit KCA DEUTAG SECURES LAND DRILLING CONTRACTS WORTH $460 MILLION appeared first on Energy Global News.

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