KCA Deutag, a leading drilling, engineering and technology partner, has secured backlog
exceeding $900 million in new contracts and extensions for land and offshore drilling projects
across Saudi Arabia, Oman, Pakistan, Angola, and Europe.
New land contracts and extensions amounting to more than $431 million further solidifies the
company’s reputation as a premier drilling contractor. Extensions for four rigs in Saudi
Arabia are collectively valued at $352 million, with contract durations ranging from five to ten
years, adding up to a total of 25 years.
Furthermore, success in Oman has seen the company extend contacts on three rigs worth a
combined value of $50 million. Two rigs have received two-year extensions while another
has been extended for nine months.
In Europe, the company has secured a new contract for a rig in Germany valued at over $10
million, ensuring nearly a year of work. In Pakistan, two new contracts worth over $20 million
provide three years of activity.
Meanwhile offshore, two contract extensions worth a total of six years and $87 million have
been secured, covering projects in Europe and Angola. Additionally in Norway, contracts
have recently been signed for two awards KCA Deutag announced in March this year,
adding over $410 million to the company’s backlog.
Simon Drew, President of Land at KCA Deutag, commented: "These awards demonstrate
our leading position and further cement our reputation as the partner of choice for both land
and offshore drilling. The contracts announced provide continuation of services with key
customers for the KCA Deutag group, based on strong safety performance and service
delivery.
“As such, the contracts are testament to the performance of the KCA Deutag teams in each
country and demonstrate our proven track record of developing and empowering those local
leadership teams to provide in-country value, maximise local employment opportunities and
support skills development.”