BP awards KCA Deutag $220 million contract for newbuilds

Posted on 03 February 2014

BP has awarded KCA Deutag a five-year, $220-million contract for the construction and operation of three fast-moving land rigs in Oman. Including options, the contract is valued at $340 million. Bentec will manufacture the three newbuilds, and drilling will commence in Q4 2014.

Currently, KCA Deutag operates seven rigs in Oman ranging from 750-3,000 hp. The contract represents a business growth opportunity for Oman, which has plans to further increase its oil and gas production levels. The specification of the fast-moving desert rigs improves both safety and drilling performance, which will reduce the total drilling cost for BP.

“BP Khazzan is a very high profile development within Oman and the broader Middle East. Given the desire for best in class drilling efficiency and safety, we are extremely excited to be partnering with BP on this project,” Andy Hendry, president of land division for KCA Deutag, said. “KCA Deutag is also looking forward to promoting local content and in-country value for Oman in the way that we work.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 27 March 2015

    Gravity-deployed carbon composite cable completes first commercial deployment offshore Norway

    Ziebel, a Stavanger-based provider of specialist well intervention services for the oil and gas industry, announced that its Z-Line gravity-deployed...

  • 27 March 2015

    Petronas’ INSTEP training institute plans improvements for integrated, experiential learning

    Institut Teknologi PETRONAS (INSTEP) takes realism seriously when it comes to experiential learning – seriously enough to be planning...

  • 26 March 2015

    Wood Mackenzie: Falling costs to soften blow of slashed exploration budgets

    Exploration budget cuts in 2015 will average 30%, but that will be matched by an approximately equal fall in exploration costs...

  • 25 March 2015

    C&J Energy Services merges with Nabors’ completion/production services

    C&J Energy Services, (C&J) and Nabors Industries (Nabors) announced the completion of the combination of C&J with Nabors’ completion...

  • 25 March 2015

    Douglas-Westwood: Oilfield services expenditure to decline by 30% in 2015

    Global oilfield services (OFS) markets are facing difficult headwinds as a function of commodity prices...

  • Read more news