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
CERAWeek: Large Language Models Fuel Industry-wide Productivity
2024-03-21 - AI experts promote the generative advantage of using AI to handle busywork while people focus on innovations.
Betting on the Future: Chevron Technology Ventures’ Investment Strategy
2024-04-09 - After a quarter century, Chevron Technology Ventures seeks both incremental and breakthrough technologies with its early-stage investment program.
Aramco Credits Adaptability, Collaboration for Driving Innovation
2024-05-15 - Aramco’s implementation of different approaches has led to the creation and commercialization of newer products, said Max Deffenbaugh, principal scientist for Aramco, at the 2024 Offshore Technology Conference in Houston.
The Pandora's Box of AI: Regulation or Self-governance?
2024-04-04 - Experts urge policymakers to learn from the failure to rein in the internet and move quickly to regulate AI.
Going with the Flow: Universities, Operators Team on Flow Assurance Research
2024-03-05 - From Icy Waterfloods to Gas Lift Slugs, operators and researchers at Texas Tech University and the Colorado School of Mines are finding ways to optimize flow assurance, reduce costs and improve wells.