Multimillion- dollar land drilling contracts

International drilling and engineering contractor KCA Deutag’s land drilling operation has been awarded new contracts for five rigs with a combined contract value of USD48 million.

The first of those rigs, the T-72 has been awarded a nine- month contract in Pakistan for one firm well, with an additional one well extension option.

In Europe the T-700 which recently completed two geothermal wells in the Netherlands has also won a five- month contract for an additional four wells with the same client. This is the group’s sixth contract in the European geothermal drilling market in recent years, and an area which offers substantial growth opportunities for the group as Europe seeks to increase its renewable energy generation.

KCA Deutag’s operation in Algeria also signed a new contract for its T-220 fast- moving desert rig with a client drilling two firm wells and two optional wells. The total campaign, including the optional wells will take around one year.

In the Middle East, KCA Deutag was also recently awarded a one-year contract for two rigs, the T-210 and T- 601, to carry out land drilling operations in South Iraq. The T210 will move from Oman for this opportunity, bringing the total number of rigs in South Iraq up to three.

The majority of these rigs were manufactured by Bentec, KCA Deutag’s land rig and oilfield equipment manufacturer. Bentec manufactures a wide range of rigs that can deliver high performance drilling and fast rig moves in all climates and geographies.