UK-based KCA Deutag Secures Multimillion-Dollar Drilling Contracts Across the Globe
UK-based drilling, engineering, and technology services company KCA Deutag has recently announced the acquisition of new multimillion-dollar drilling assignments and extensions in various regions including the Middle East, Africa, Latin America, and the UK.
The company has secured contracts and extensions worth a total of $513 million, allowing KCA Deutag to carry out multiple drilling activities. The land drilling segment in the Middle East, Africa, and Latin America saw extensions in Saudi Arabia, Oman, Congo, and Colombia, in addition to a new contract in Iraq, valued at $497 million and amounting to over 35 rig years of additional work.
Meanwhile, in the UK, KCA Deutag’s offshore business has secured $16 million in contract extensions, solidifying the company’s position as a trusted drilling partner in the North Sea region.
Simon Drew, President of Land at KCA Deutag, expressed his satisfaction with the recent developments, stating, “These awards and achievements reflect our commitment to outstanding performance and show the trust our customers have in our ability to deliver safe and incident-free drilling operations.”
“We are proud of and grateful to all our country teams. These recent contract wins and extensions highlight their dedication to excellence and the delivery of safe and effective operations,” Drew added.
The announcement of these contract awards and extensions follows the company’s merger agreement with Helmerich & Payne (H&P), a business combination valued at nearly $2 billion. This strategic move is expected to bolster the combined company’s presence in key regions such as America and the Middle East, known for their significant oil and gas production activities.
“We look forward to joining H&P in 2025, combining the strengths of our people together with our geographical footprint, to create an organization with an unrivaled global network, service capability, and technology offering,” highlighted Drew.