KCA Deutag finalised a joint venture with Kazakhstan’s KazStroyService

Nur-Sultan, July 14 - Neftegaz.RU. KCA Deutag together with KazStroyService announced the creation of Joint Venture KCA Deutag Kazakhstan, the German drilling contractor will hold a 51% interest in the joint venture.
Simon Drew, President of Land Drilling at KCA Deutag said:

• We see Kazakhstan as a key growth market, and we are delighted to re-energise our presence in the country
• Together with our JV partner we are committed to delivering the highest standards of operational performance
• We will also be seeking opportunities to demonstrate our ability to provide engineering, services and technology solutions that our potential customers need in both oilfield and energy transition projects in the future

Sabit Zhanassov, General Director of KazStroyService said:

• This JV will strengthen the position of 2 large oilfield service companies and will provide high quality of services, which will have a positive effect on the market environment in Kazakhstan
• Thanks to the international experience of our partner, we will train local specialists and offer new solutions in industry development

KCA Deutag has over 130 years of drilling, engineering and technology experience both onshore and offshore.
The group includes one of the largest companies for engineering and design of offshore drilling systems, RDS, as well as the leading land rig builder and equipment manufacturer, Bentec, and is actively playing its role in the energy transition.

KCA Deutag operated one of its drilling rigs in Kazakhstan for more than 13 years, entering the country in 2001 to provide Engineering & Drilling Services for the North West basin of the Caspian shallow waters.