KCA Deutag Energy wins $550M drilling contract from PDO

KCA Deutag Energy won a 10-year contract from Petroleum Development Oman for drilling services with four new automated rigs built in Oman. The contract value is around $550 million with options, and KCA Deutag will invest about $100 million to build the rigs.

“The ten-year contract comes with options to extend for a further two years and, with those options included, has a total value around $550m.”globalenergynetwork.net

• 1 source
• globalenergynetwork.netKCA Deutag Energy wins $550m PDO drilling contract - Global Energy NetworkLucky ChughJan 27, 2022

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