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1054

KCA Deutag secures platform drilling contracts worth $550 million


The company has secured a contract award and 2 contract extensions for platform drilling services in Russia, U.K. and the Norwegian North Sea

KCA Deutag secures platform drilling contracts worth $550 million

The combined value of these awards is approximately $550 million and will account for 13 years of contract backlog.

KCA Deutag’s Offshore division secured a 5-year contract, with extension options, with a major oil company offshore Russia.
The award will see the local team continue to deliver platform drilling services including rig maintenance, warehousing, inventory procurement and management for 3 offshore platforms.

The award allows KCA Deutag to continue to build on its successful integrated service model by directly managing other offshore services and providing multiskilled crews.
In addition, the U.K. and Norway teams were also successful in securing 2 separate contract extensions with longstanding customers.

Ole Maier, president of Offshore and RDS, said:
  • We are delighted to have been awarded these contract extensions, which builds on our long-standing relationships with our key customers
  • Through multiskilling of our expert rig crews, we are pleased to be able to extend our services on these platforms, alongside continuing to deliver the highest standards of operational performance for our customer
As oil and gas operators look for ways to accelerate the realization of their ESG goals, KCA Deutag play a pivotal role in this transition.
Through its group-wide products they are able to engage customers and present solution-based offerings.

In the case of these recent awards, the focus has been on the assessment, monitoring and reduction of carbon emissions by means of operational and equipment optimization.

KCA Deutag also continue the roll out and implementation of their +veDRILL technology, aimed at driving performance improvement and digitalization of the offshore worksite.