Equinor awards KCA Deutag over $450 million of drilling and maintenance contracts

KCA Deutag, a leading drilling, engineering and technology partner, has secured new contracts and extensions worth a total value in excess of $450 million from Equinor in Norway.

In addition to a four-year extension for their existing contract scope covering five platforms across the Oseberg and Kvitebjørn fields, KCA Deutag has also been awarded additional work to deliver drilling, maintenance and engineering services to a further two platforms.

The additional scope, covering the Njord and Heidrun platforms significantly strengthens KCA Deutag’s presence in the Norwegian North Sea where the company also has a separate agreement with Equinor for the management, operation and maintenance of the Askepott and Askeladden Cat J jack-up rigs.

Ole Maier, President of Offshore, commented: “This award of an additional scope as well as a contract extension underscores the strong performance of our teams in Norway and our dedication to delivering innovative solutions and technology that improve the efficiency and safety of Equinor’s operations.

“We look forward to the continuation of our successful collaboration with Equinor as we collectively strive to ensure a safe and sustainable energy future.”

Source: KCA Deutag

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KCA DEUTAG WINS $460M OF LAND DRILLING CONTRACTS IN THE MIDDLE EAST, AFRICA AND EUROPE

KCA Deutag announces that it’s land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa, and Europe. 

Middle East

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. 

Africa

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.

Europe

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.

Source:http://bit.ly/361dTUT