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 Awarded $110M of Land Drilling Contracts in the Middle East, Russia and Africa
Global drilling and engineering contractor KCA Deutag (KCAD) today announces that its land drilling operation has won new contracts and contract extensions worth approximately $110M. These contracts are for onshore drilling in the Middle East, Russia and Africa. Middle East In the Middle East, KCAD has been successful in winning …