KCA Deutag Wins Contract to Supply Services for North Sea Drilling Platforms

Today, KCA Deutag announced it has been awarded a major contract, by TAQA Bratani, to supply platform drilling and maintenance services to four North Sea drilling platforms (Eider, Tern, North Cormorant and Cormorant Alpha).

The primary term of this contract is three years and the award represents nine figure associated revenue.

KCA Deutag’s chief executive Holger Temmen commented:

“This award demonstrates our continued commitment to our North Sea operations at an exciting time of strategic growth. We are delighted to extend our relationship with TAQA from European land drilling to include offshore North Sea drilling. We have retained our position as North Sea market leader over the past 16 years, while opportunities overseas have grown considerably. This contract confirms our North Sea mandate and will facilitate further growth also on the Norwegian sector.

“Our performance has recently been recognised by the International Association of Drilling Contractors (IADC) North Sea Chapter who gave KCA Deutag the award for best safety performance in the platforms category. This week, we were also shortlisted for the Oil and Gas UK Award which recognises innovation in delivering improved operational efficiency. In just 12 months, our excellent platform drilling operational performance has been recognised by clients with over $900m contract awards. This TAQA North Sea contract demonstrates our commitment to performance and our passion for safety.”

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Source: KCA Deutag, October 17, 2011