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KCA Deutag, the global drilling, engineering and technology provider, has secured contract extensions and options totalling over $170 million, with the majority focused on extensions with existing clients across core markets in the Middle East.
KCA Deutag’s Kenera business unit will deliver the drilling contract announced this morning by Neptune Energy.
As part of its growth strategy to optimise the business and focus investments in core markets such as the Middle East, global drilling, engineering and technology provider KCA Deutag has completed the sale of its land drilling business in Nigeria for $18m.
“We are shocked and saddened by the deteriorating situation in Ukraine, and we join many to call upon all parties to urgently work towards a peaceful resolution in the region,” said Joseph Elkhoury, Chief Executive Officer.
KCA Deutag has been appointed to carry out an energy optimisation project for its client, Equinor on two CAT J rigs in the Norwegian North Sea. This project, which is part of Equinor's long-term low emissions strategy for 2050, is valued at around $12m.
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