# 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.

- Type: Contract
- Announced: 2022-01-27
- Where: Sultanate of Oman, Oman
- Value: $550.0M
- Jobs: 190
- Status: announced
- Products: drilling rigs, drilling services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Petroleum Development Oman](https://endata.com/companies/1479.md) (customer)
- [International Drilling Technology Co.](https://endata.com/companies/60577.md) (partner)
- [KCA Deutag Energy](https://endata.com/companies/60658.md) (supplier)

## Sources

- [globalenergynetwork.net](https://globalenergynetwork.net/news-item/kca-deutag-energy-wins-550m-pdo-drilling-contract/), 2022-01-27: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.