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KCA Deutag Announces US$67m in New Contracts KCA Deutag has announced US$67m in new drilling, engineering and rig build contracts from clients operating in the Middle East, West Africa, Caspian Region and Asia.A contract has been signed with the Bahrain Petroleum Company, the state-owned oil company for a 20 month drilling and workover programme commencing December 2004. A planned five month major upgrade to Rig T-80, which will be used for the duration of the contract, has already started as part of KCA Deutag's ongoing rig upgrade and fleet expansion strategy. The first contract has been secured for KCA Deutag's newly upgraded US$9.6m 3000hp rig T-79, which was launched in Dubai at the end of April 2004. Margham Dubai Establishment, a state oil company of Dubai, awarded the work to T-79 after an extensive exercise in competition with other international drilling contractors. The rig will be operating in the Margham field, located in the desert of the emirate of Dubai, near the Sultanate of Oman, drilling one well initially, with possible options on other deep wells and workovers. In Qatar RasGas Company Limited and Dolphin Energy Limited have awarded a contract for Rig T-67 to drill 4 wells, 2 for RasGas and 2 for Dolphin Energy, with a possible option on 4 additional wells, commencing November 2004. Brunei Shell Petroleum Company Sdn. Bhd. has awarded a two year contract with two one year options. The work will commence in January 2006 and the contract is for the provision of a fast moving rig and drilling operations as part of the Menang Drilling Programme. A 350 tonne capacity rig is being built for the contract. The new rig is designed to improve drilling efficiency and reduce well costs in Brunei. This contract was awarded as a result of the HSE and drilling performance from the T-41 rig which KCA Deutag have been operating successfully in Brunei for some time. A contract to supply Project Management Services for the Pasni 2 exploration well was awarded to KCA DEUTAG by Pakistan Petroleum Ltd, and work is already underway on the project. The well is planned to spud late 2004. In Baku, the Azerbaijan International Operating Company announced the award of key contracts for the development of Phase 3 of the Azeri, Chirag and deepwater portion of the Gunashli (ACG) Full Field Development. KCA Deutag was awarded a US$10m contract for the Engineering and Procurement of Drilling, Utilities and Quarters (DUQ) modules. The scope of work includes engineering and procurement support for the DUQ drilling facilities. Work has already started, and is due for completion by Q3 2007. An interim agreement for a three-year contract has been signed between KCA Deutag and SPDC for T-76, a 2,000 hp rig from the fleet in Europe, which will be shipped to the country. The mobilisation is in full swing, with the commencement date to spud the first well being December 2004. Panocean has also agreed a six months extension to the contract for Rig T-57, from November 2004 until April 2005. Find out more about KCA Deutag Search for more KCA Deutag News Added to site on 29/10/04 |