UK-based drilling, engineering, and technology services company KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK.
The $513 million contracts and extensions will enable KCA Deutag to carry out multiple drilling activities. Within the land drilling segment in the Middle East, Africa, and Latin America, the firm secured extensions in Saudi Arabia, Oman, Congo, and Colombia alongside a new contract in Iraq.
These assignments, valued at $497 million, are said to amount to over 35 rig years of additional work. The company’s offshore business has won $16 million in contract extensions in the UK, where the company continues to be seen as a trusted drilling partner to operators in the North Sea.
Simon Drew , President of Land at KCA Deutag, remarked: “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.”
This set of contract awards and extensions comes after the firm made merger arrangements with Helmerich & Payne (H&P). This business combination, worth nearly $2 billion, will enhance the combined company’s standing in America and the Middle East, which are perceived to be two of the world’s most prominent oil and gas-producing regions.
“We look forward to joining H&P in 2025, combining the strengths of our people together with our geographical footprint, to create an organisation with an unrivalled global network, service capability and technology offering,” highlighted Drew.