# 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.

- Type: Contract
- Announced: 2024-05-06
- Where: Oman, Oman
- Value: $45.0M
- Status: announced
- Products: automated drilling rigs
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [KCA Deutag](https://endata.com/companies/60576.md)
- [Oman Arab Bank](https://endata.com/companies/77233.md) (investor)

## Sources

- [oilandgasmiddleeast.com](https://www.oilandgasmiddleeast.com/exploration-production/epc-contracts/oman-kca-deutag-gets-45-million-more-for-first-of-a-kind-automated-rigs), 2024-05-06: "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."

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