Dis­posal of Ben Loyal jack-up drilling unit

DEMM Engineering & Manufacturing - - PETROCHEMICAL -

Lead­ing global drilling and en­gi­neer­ing con­trac­tor KCA Deu­tag has sold its jack-up drilling unit, the Ben Loyal, to Egyp­tian head­quar­tered Ad­vanced En­ergy Sys­tems A.D.E.S. SAE for an undis­closed sum.

Built in 1981 and ac­quired by KCA Deu­tag in 2005, the Ben Loyal’s op­er­a­tional per­for­mance has been strong and un­til Oc­to­ber of this year it had been con­tin­u­ously un­der con­tract in the Gulf of Mex­ico. The Friede & Gold­man L-780 MOD II rig, which is due for a spe­cial pe­ri­odic sur­vey next year, is ca­pa­ble of drilling in wa­ter depths of 300ft.

Nor­rie McKay, KCA Deu­tag CEO said: “The sale of the Ben Loyal is an­other im­por­tant step for KCA Deu­tag as we con­tinue to fo­cus our growth strat­egy on our core busi­nesses of pre­mium rig ser­vices, spe­cial­ist en­gi­neer­ing and de­sign, and land rig man­u­fac­tur­ing.”

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