KCA Deutag

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.

KCA Deutag was awarded $204 million in onshore drilling contracts in Oman, Saudi Arabia, Peru and Bolivia. The contracts include five rigs in Oman worth $181 million, extensions in Saudi Arabia worth $16 million, and work in Latin America.

KCA Deutag secured land drilling contracts and extensions worth $379 million with customers in Saudi Arabia, Oman and Pakistan. The awards include $292 million in Saudi Arabia (extensions and equipment upgrade), $78 million in Oman (extensions and new contract), and $9 million in Pakistan (new contract).

KCA Deutag announced contract extensions and new contracts worth nearly £100 million for its land drilling business, primarily in Saudi Arabia and Oman, plus new contracts in Germany and the Netherlands.

Petroleum Development Oman has awarded KCA Deutag Energy LLC a ten-year contract for drilling services with four new automated rigs to be built in Oman. The contract value is around $550 million including options.