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Dalma Energy and NBO partner to provide rigs to PDO

Technology

Drilling contractor Dalma Energy has partnered with National Bank of Oman (NBO) for financing the delivery of rigs to Petroleum Development Oman (PDO)

The US$116.24mn funding would enable Dalma Energy to deliver five state-of-the-art 1,000 hp VFD rigs, an Oman Observer report said.

The first rig is expected to arrive from the Chinese supplier Shandong Kerui Group in April 2015, while the remaining four would be delivered over the next three months, it added.

Dalma Energy CEO T Fredric Young said, “This project is a major milestone for Dalma Energy fostering the relationship with PDO in Dalma Energy’s home market. The new rigs continue the success story in the 1000 hp segment, which is served by Dalma Energy since 1992.”

The deal signed on five new rigs is for six years with an extension option for a further two years, according to the contractor. On completion of the deal, Dalma Energy would have 19 rigs within Oman.

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