KCA Deutag secures backlog exceeding $900 million for land and offshore drilling projects

Source: www.gulfoilandgas.com 10/9/2024, Location: Africa

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.”


Norway >>  11/7/2024 - In October 2024, the Company had 10 out of 11 rigs employed and rig utilization was 91%.

As of...

Australia >>  11/5/2024 - Triangle Energy Global Ltd (ASX:TEG) is pleased to advise that on behalf of the EP 437 JV, comprising Triangle (ASX:TEG) 50%, and subsidiaries of Str...

Thailand >>  11/4/2024 - Shelf Drilling, Ltd. announced that it has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs wit...
United Arab Emirates >>  10/30/2024 - Drilling waste management specialist, TWMA, has announced a significant contract win with a leading UAE operator. Valued at approximately $70 million,...

Norway >>  10/24/2024 - Shelf Drilling, Ltd. (“SHLF” or “Shelf Drilling”) and Shelf Drilling (North Sea), Ltd. (“SDNS” or “Shelf Drilling North Sea”) announce that the Norwe...
Colombia >>  10/21/2024 - LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) is pleased to an operational updat...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.