KCA Deutag Wins $165 Mln Contracts Off Norway and Angola

International drilling contractor, KCA Deutag, has signed two significant contracts valued at over $165 million.

The first contract is a new five year operations and maintenance programme for platforms offshore Angola with mutually agreeable options to extend the duration of this contract. KCA Deutag has had an operational presence in Angola since 2004, and with this contract, extends its Angolan business from one operational string to three. In keeping with KCA Deutag’s history of utilising local talent, 70% of the crew for this project will be Angolan nationals.

The second award is a 30 month extension to an existing drilling and maintenance services contract for a platform in Norway. This work further complements KCA Deutag’s business which commenced drilling in the Norwegian Continental Shelf in the 1970s and now has circa 1,100 employees. KCA Deutag currently has 10 contracts for platform rigs, in addition to a successful drill pipe management pool, for 17 platforms across the Norwegian Continental Shelf.

Rune Lorentzen, President of Offshore for KCA Deutag, said: “To be awarded two contracts in these core markets is an excellent result for KCA Deutag. We have an undeniably strong reputation working in these offshore regions, and these contracts will only serve to enhance this even further. Going forward we are able to continue to produce results in regions where we have an impeccable track record.”
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Press Release, August 23, 2013