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KCA Deutag sells Ben Loyal jackup to Advanced Energy Systems

The sale of the Ben Loyal jackup is part of KCA Deutag’s strategy to focus on premium rig services, specialist engineering and land rig manufacturing.
The sale of the Ben Loyal jackup is part of KCA Deutag’s strategy to focus on premium rig services, specialist engineering and land rig manufacturing.

KCA Deutag has sold its Ben Loyal jackup to Egyptian-headquartered Advanced Energy Systems 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 2015, 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 this year, is capable of drilling in water depths up to 300 ft.

“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,” Norrie McKay, KCA Deutag CEO, said.

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