UK services player KCA Deutag has landed contracts worth a combined $110 million for work in Europe, Russia, the Middle East and South Asia but has stayed silent on much of the detail.
The work for the company’s land drilling business comprises both new contracts and contract extensions and will allow it to reactivate stacked rigs.
An unidentified “oil major” has signed a five-year contract for operations in the south-east of Europe, with a single rig to start operations next year following mobilisation from the United Arab Emirates.
Inclusive of options, the value of that contract is $75 million.
Also in Europe, KCA’s T46 rig is mobilising for a one-well contract valued at $3 million.
In Pakistan, the company has won contracts worth a combined $12 million for a trio of rigs.
The first will see the previously stacked unit T72 undertaking a workover job, with the second seeing the T202 mobilising from the UAE. The third will see the T75 unit, which is already in Pakistan, reactivated from stacking.
In Russia, KCA has won extensions on a quartet of rigs on which it provides operations and maintenance services but does not own. The deals have been extended from October this year to March next year.
In addition, the T391 rig has secured new work in Russia for another eight wells this year.
The total value of the Russia extensions and new work is over $13 million.
In the Kurdistan region of northern Iraq, a new $7.4 million contract has been secured to mobilise the T63 rig.
KCA president of land Simon Drew said the company is continuing the development and deployment of its so-called “Well of Innovation” technologies.
“This contributes to our ability to secure contracts such as these,” he said.
“Alongside this, we have and are developing new technologies as we leverage our group-wide operating, manufacturing and engineering capabilities to make our rigs more energy efficient while at the same time move into renewable energy applications as the energy transition gathers pace and scale.”