KCA Deutag secures almost US$185 million of land drilling contracts in the Middle East region

Global drilling, engineering and technology provider KCA Deutag has been awarded contracts worth almost US$185 million from leading exploration and production companies across key markets in the Middle East region.

Multiple rig extensions have been confirmed in Saudi Arabia, representing 13 years’ work across three rigs, and in Oman, one-year contract extensions have been awarded for two heavy 2000hp rigs.

Simon Drew, President of Land commented: “These awards are a sign of rising confidence in our core markets as we increase and sustain activity following the COVID-19 pandemic challenges and resulting reduction in oil demand. We have invested significantly in the Middle East and these contract extensions illustrate that our strong operational and technological performance is delivering value for our clients in the region.

“The awards contribute towards building a strong and secure future for KCA Deutag in key core markets and stimulate further growth as we leverage our Group-wide experience and expertise to further develop our customer-centric, Well of Innovation technologies and continue to make our rigs more energy efficient.”

Source: WorldOil