Global and Regional MarketsNewsOnshore Advances

KCA Deutag nets land drilling contracts in the Middle East, Latin America

KCA Deutag announced the award of land drilling contracts in Oman, Saudi Arabia, Peru and Bolivia, totaling $204 million.

In Oman, the company has secured contracts for five rigs with one customer worth a combined $181 million, which amounts to 18 years of additional work. The company also secured three short-term extensions in Saudi Arabia with a total value of $16 million.

As part of the Oman agreement, two rigs are being upgraded with Kenera Battery Energy Storage Systems (BESS) to save energy and reduce carbon emissions.

In Latin America, KCA Deutag landed a six-month extension of a rig in Bolivia worth approximately $6 million and the finalization of two short-term workover contracts in Peru.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button