KCA Deutag announced in mid-December that it was awarded two contracts with BP Exploration. These contracts have a combined value of approximately $360 million for the initial contract, or $1 billion, including all options.
The first contract was awarded to the offshore division to operate and maintain seven platforms operated by BP in the Caspian Sea, pursuant to product-sharing agreements. These are the East, West and Central Azeri, Deepwater Gunashli, West Chirag, Chirag and Shah Deniz installations. The initial term is for three years with two three-year extension options.
The second contract was awarded to RDS, KCA Deutag’s engineering and design specialist for engineering support services on all drilling packages for BP-operated projects in the Caspian Sea from the Azerbaijan, Georgia and the Turkey region. This contract is effective from 1 December 2015 to 30 September 2017, with two extension options of one year each.
“These major contract awards build on KCA Deutag’s longstanding relationship with BP, and recognize our efforts to deliver both continuous improvement and value to our client,” said Rune Lorentzen, President of Offshore and RDS. “We are committed to providing the highest quality of service and our engineering and design team will work closely with the operations and maintenance team to ensure that we achieve that.”