Press

KCA Deutag Secures Land Drilling Contracts for Five Rigs Worth $48m


Leading international drilling and engineering contractor KCA Deutag today announces that its land drilling operation has been awarded new contracts for five rigs with a combined contract value of $48 million.

The first of those rigs, the T-72 has been awarded a nine month contract in Pakistan for one firm well, with an additional one well extension option.

In Europe the T-700 which recently completed two geothermal wells in the Netherlands has also won a five month contract for an additional four wells with the same client. This is the group's sixth contract in the European geothermal drilling market in recent years, and an area which offers substantial growth opportunities for the group as Europe seeks to increase its renewable energy generation.

Our operation in Algeria also signed a new contract for our T-220 fast moving desert rig with a client drilling two firm wells and two optional wells.  The total campaign, including the optional wells will take a total of around one year.

In the Middle East, KCA Deutag was also recently awarded a one year contract for two rigs, the T-210 and T-601, to carry out land drilling operations in South Iraq.  The T210 will move from Oman for this opportunity, bringing the total number of rigs in South Iraq up to three.

The majority of these rigs were manufactured by Bentec, KCA Deutag's land rig and oilfield equipment manufacturer.  Bentec manufactures a wide range of rigs that can deliver high performance drilling and fast rig moves in all climates and geographies. 

Commenting on these contract awards, Simon Drew President of Land said: “These contract wins, which come in a tough environment in the wider oil industry, are very important to the Land Business Unit and KCA Deutag as a whole.  They have been won against intense competition and I would congratulate all our staff on delivering these contract successes.  We look forward to delivering value to our clients through exceptional well construction performance.”

 

KCA Deutag

Established in 1888, KCA Deutag is one of the world's leading drilling and engineering contractors working onshore and offshore. 

The group consists of four divisions: Land, Offshore, RDS and Bentec. It operates approximately 90 drilling rigs globally employing people in Africa, Europe, Russia, the Middle East, the Caspian Sea and South East Asia.

KCA Deutag's land division owns and operates a fleet of approximately 55 high quality land rigs ranging from highly mobile units to large rigs capable of drilling extended reach wells. These operate in a wide range of environments, from the extreme temperatures of the Sahara to the arctic conditions of Siberia.

For further information please visit our website www.kcadeutag.com  



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