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.
U.S. energy firms this week added oil and natural gas rigs for a seventh week in a row for the first time since June 2018, and for a third consecutive month, even as oil majors cut spending due to the COVID-19 pandemic's impact on energy demand and prices.
Two Weld County wells in the Wattenberg Field completed by Occidental Petroleum plus results from a Wilcox discovery by Exxon Mobil in the Gulf of Mexico top this week’s drilling activity highlights from around the world.
Just 18 of 62 planned wells were completed.