International drilling contractor, KCA Deutag announces the award of two offshore contracts with new clients for work in South East Asia and Gabon. These contracts are a further representation of KCA Deutag’s continued effort to increase its presence in the global offshore shallow water market.
The first contract is a two year operating and maintenance drilling services contract for the Shwe Platform based in Myanmar with Daewoo International Corporation.
The second contract, with Tullow Oil Gabon SA, is for the provision of KCA Deutag’s jack-up rig, the Ben Rinnes. The scope of the work is the drilling of two wells, with the option for an additional well. Work will commence in July 2013, operating for 80 days.
Rune Lorentzen, President of Offshore at KCA Deutag, said: “The West African market continues to be a major hub of activity for the oil and gas industry, and one where we have an established presence. Establishing new relationships in countries such as Gabon demonstrates how vibrant this area continues to be.
“South East Asia is an area where we have developed a strong and continually growing presence. This contract with Daewoo International Corporation is our second contract in Myanmar and strengthens our position in the region. With existing projects underway, and a number of further opportunities identified, we are in a good position to continue to develop KCA Deutag in an emerging market which offers extensive oil and gas potential.”