Saipem: Closing of Sale of Onshore Drilling Business to KCA Deutag
In the sale of its onshore drilling business, Saipem transfers the majority of its activities in the Middle East and Africa to KCAD and receives 488 million USD (including usual price adjustments) to which is added a 10% share participation in KCAD The remaining activities in the Americas, Kuwait, Kazakhstan …
KCA Deutag Secures Platform Drilling Contract Awards worth Approximately US $550M
KCA Deutag has secured a contract award and two contract extensions for platform drilling services in Russia, UK and the Norwegian North Sea. The combined value of these awards is approximately US $550M and will account for thirteen years of contract backlog. KCA Deutag’s Offshore division secured a five-year contract, …
KCA Deutag Wins $110 million of New Business in Land Drilling Market
KCA Deutag has secured contracts worth around $110 million for its Land Drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The Group has secured a new five-year contract with a major oil company for operations in south-eastern Europe. The rig will start drilling operations in 2022 following mobilisation …
Turan Drilling & Engineering to Manage BP Procurement Activity in Azerbaijan
Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), today announces that it has been awarded a contract amendment to manage procurement, maintenance and warehousing activities on behalf of BP Exploration (Caspian Sea) Limited (“BP”). The agreement, effective 15 June 2020, means Turan Drilling & Engineering …
KCA Deutag Secures $460m of Land Drilling Contracts in the Middle East, Africa and Europe
KCA Deutag today announces that it’s land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe. Middle East Following the announcement we made in March that a client had reserved three rigs for an option period, we can now confirm that these have …
Bentec, Wins Multi-Million Euro Contract for Seven 320t Cluster Slider Drilling Rigs
Bentec, one of the world’s leading manufacturers of drilling rigs and oilfield equipment, today announces that it has signed a multi-million euro contract with the drilling division of INK-Service Group (“INK”) for the manufacture of seven latest generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s …
Drilling Systems at the SPE Offshore Europe 2019
Visitors to SPE Offshore Europe in September will have the opportunity to try out a suite of state-of-the-art simulators, including the DRILLSIM:5000 Decom Simulator, which is being transported to the show from its home at Robert Gordon University (RGU). The DRILLSIM:5000, and the associated software which it runs, is a …
KCA Deutag’s Land Operation Wins $168m of New Drilling Contracts in Russia
Global drilling and engineering contractor KCA Deutag (“KCAD”) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168m. These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer. The …
KCA Deutag: Retirement of Chief Executive Officer
The Board of KCA Deutag is pleased to announce the appointment of Joseph Elkhoury as its new Chief Executive Officer with effect from 1 July 2019. Joseph takes over from Norrie McKay who has confirmed his intention to retire later this year. Norrie will remain with the group in an …
Turan Drilling & Engineering Wins $500 Million BP Contract in Azerbaijan
Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), today announces that it has been awarded its first contract, which is with BP Exploration (Caspian Sea) Limited (“BP”). The contract has a value of approximately $500 million for the firm period or $700 million including all …