KCA Deutag announces that it’s 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 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, one of our newly launched +veDRILL™ technologies.
In Oman, They have 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 KCA Deutag’s +veDRILL™ Future technology range. These aim to remove people from the red zone and reduce invisible lost time.
In addition to this, one of the company’s rigs in Oman has secured a new two year contract with two one year extension options.
KCA Deutag has also been successful in Iraq where two of their rigs have had their contracts extended by one year.
In Nigeria, KCA Deutag has won a one year contract for one rig with an option to extend by an additional year.
The company has additionally been awarded three contracts 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 short drilling programs.
In the Netherlands, one of the company’s rigs 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.
It is also exciting to see the client response to recently launched Well of Innovation Campaign, with a number of the new contracts now incorporating different +veDRILL technologies. The company believe this adds to already strong offering around safe and effective operations and is another reason they are seeing strong demand for our rigs in their core markets.