KCA Deutag secures $45M additional financing for automated rigs in Oman

KCA Deutag has secured an additional $45 million from Oman Arab Bank, bringing total project financing to $90 million for developing four highly automated rigs in Oman. The first two rigs have been completed and began operations earlier in 2024.

“This combined sum of $90 million is earmarked for developing four advanced, highly automated rigs, marking a significant milestone as the first of their kind to be constructed in Oman.”oilandgasmiddleeast.com

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• oilandgasmiddleeast.comOman: KCA Deutag gets $45 Million more for first-of-a-kind automated rigsPooja KapoorMay 6, 2024

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