KCA Deutag awarded $380 million drilling contracts in the Middle East

KCA Deutag awarded $380 million drilling contracts in the Middle East

KCA Deutag, announced in a statement that it has secured land drilling contracts and contract extensions with a total value of $379 million, with existing and new customers in Saudi Arabia, Oman and Pakistan.

The awards span key markets in the Middle East, solidifying KCA Deutag’s position as a leading land drilling contractor in the area.

In Saudi Arabia, KCA Deutag has been awarded contract extensions and an equipment upgrade project with a combined value of $292 million. The contract extensions amount to a total of 23 years of additional work across four rigs, while the equipment upgrade project includes the delivery of mechanised catwalks on two rigs to improve safety and operational performance.

Further success in Oman has seen the company extend two existing contracts as well as gain one new contract award with a total value of $78 million. Two rigs in Oman have secured extensions for two and one-year contracts respectively while a third rig, currently stacked, has been awarded a new three-year contract, with options that could extend this to five-years.

Adding to our commitment and investment in the region, in Oman KCA Deutag has completed the build of the first two highly automated newbuild rigs which are currently undergoing