Global drilling, engineering and technology provider, KCA Deutag, has been awarded contracts on Oct. 12 worth more than $150 million in Oman, from the country’s leading exploration and production companies.
The first award covers the provision of expert manpower for customer-owned rigs, hoists and workshops. In total, KCAD will provide approximately 420 people in delivering this contract. This is a five-year extension to a contract originally awarded in 2015.
One-year contract extensions have also been awarded for eight KCAD rigs working in Oman.
Alongside these contract awards, KCAD’s T-82 rig has spudded the group’s first well in Kuwait, representing a successful entry for the company into this attractive market. The rig is equipped with key components from Bentec, KCA Deutag’s leading global manufacturer of drilling rigs, oil field and energy equipment.
“These awards demonstrate that despite challenging markets, KCA Deutag’s operational strengths and capability at—and beyond—the rig site, continue to be recognized by our customers,” Simon Drew, president of land, said.
Recommended Reading
Texas LNG Export Plant Signs Additional Offtake Deal With EQT
2024-04-23 - Glenfarne Group LLC's proposed Texas LNG export plant in Brownsville has signed an additional tolling agreement with EQT Corp. to provide natural gas liquefaction services of an additional 1.5 mtpa over 20 years.
US Refiners to Face Tighter Heavy Spreads this Summer TPH
2024-04-22 - Tudor, Pickering, Holt and Co. (TPH) expects fairly tight heavy crude discounts in the U.S. this summer and beyond owing to lower imports of Canadian, Mexican and Venezuelan crudes.
What's Affecting Oil Prices This Week? (April 22, 2024)
2024-04-22 - Stratas Advisors predict that despite geopolitical tensions, the oil supply will not be disrupted, even with the U.S. House of Representatives inserting sanctions on Iran’s oil exports.
Association: Monthly Texas Upstream Jobs Show Most Growth in Decade
2024-04-22 - Since the COVID-19 pandemic, the oil and gas industry has added 39,500 upstream jobs in Texas, with take home pay averaging $124,000 in 2023.
Shipping Industry Urges UN to Protect Vessels After Iran Seizure
2024-04-19 - Merchant ships and seafarers are increasingly in peril at sea as attacks escalate in the Middle East.