-4 C
Alba Iulia
Saturday, January 18, 2020

KCA Deutag’s Land Operation Wins $168m of New Drilling Contracts in Russia

Subscribe to our newsletter

We will never spam , sell or share your details

Global drilling and engineering contractor KCA Deutag (“KCAD”) has won three new contracts in Russia worth approximately $168m.  These contracts for its land drilling operation are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer.  

The first contract is with an existing client for five of those rigs to carry out drilling operations in two fields in Eastern Siberia. Each rig is expected to drill for varying periods of between three and four years.  The contract increases the number of rigs we currently have operating for this client from four to five. 

The next contract is for two 1500 HP Cluster Slider rigs which will drill in Northern Russia.  It is an extension to an existing contract and will run until 31 December 2021.  

In addition to this KCAD has won a new contract for one of its 2000 HP land rigs to drill four wells in Southern Russia. This has an estimated duration of five months per well.

Commenting on today’s announcement, Simon Drew, President of Land said: “Our fleet in Russia continues to see high utilisation and we are delighted that clients are recognising the high quality of our services and strong performance by awarding us these contracts in what continues to be a tough market.” 

Advertisement
Aberdeen
clear sky
3.8 ° C
5 °
2.8 °
69 %
6.2kmh
0 %
Sat
6 °
Sun
6 °
Mon
7 °
Tue
8 °
Wed
8 °

Follow Us

Our Other Titles

North-East property consultants beat market slump with...

FG BURNETT, one of the north-east of Scotland’s leading commercial property consultants has enjoyed a strong 2019, recording 92 commercial property transactions across the...

A new traffic light system to be...

A NEW traffic light system looks to be installed on the Kingswells south roundabout on the city bypass (AWPR/B-T) to improve safety of the...

Aberdeen City Heritage Trust helping buildings shape...

SPECIALISTS will be on hand next week at the Arts Centre in King Street, Aberdeen, to offer advice on repairing the city’s granite heritage...

Logging specialist READ Cased Hole announces new...

WORLD-leading cased hole logging specialist, READ Cased Hole, has revamped its senior leadership team by appointing Bruce Melvin, formerly CFO, to the role of...

More Articles Like This