Drilling contractor KCA Deutag (KCAD) has announced that its land drilling operation has won new contracts worth approximately US$460mn in the Middle East, Africa and Europe
The contractor said that a client in the Middle East has reserved three rigs for two years, with an option to extend by two more years.
In Oman, KCAD has 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.
In addition to this, one of their rigs in Oman has secured a new two-year contract with two one year extension options.
In Iraq, two KCAD rigs had their contracts extended by one year.
In Nigeria, KCAD has won a one year contract for one rig with an option to extend by an additional year.
It has 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 for short drilling programmes.
In the Netherlands, one KCAD rig has secured a new contract for a short drilling programme with a salt mining company.
Simon Drew, president of Land, said: “These awards significantly increase KCA Deutag’s contract backlog and are a testament to the strength of our operational capability and reputation in the marketplace.
It is also exciting to see the client response to our recently launched Well of Innovation Campaign, with a number of the new contracts now incorporating different +veDRILL technologies. We believe this adds to our already strong offering around safe and effective operations and is another reason we are seeing strong demand for our rigs in our core markets.”
