Gulf Oil and Gas accountACCOUNT

KCA Deutag Commenced Operations in Iraq

Source: www.gulfoilandgas.com 10/14/2010, Location: Middle East

KCA Deutag, the international drilling and engineering contractor, announced that it has commenced operations in Iraq, with the deployment of one rig in the north of the country and a second being mobilized shortly.

KCA Deutag established its presence in the country with its first rig, now operating in Northern Iraq. The company’s second Iraqi rig, a new-build 2,000HP land rig, T-601, is arriving in Basra, Southern Iraq, in the next few weeks and will be operational as of early 2011.

Tim Summers, KCA Deutag chairman said: “Iraq is a key strategic market for KCA Deutag as the country looks to develop its huge reserves base. Even before the Iraqi government increased their estimate of the country’s proven oil reserves by 25 per cent to 143bn barrels, the Iraq Drilling Company was planning to drill more than 250 wells each year from 2011. Iraq represents an important opportunity both for KCA Deutag and Bentec given the anticipated level of industry activity and investment in the region. KCA Deutag has been operating in country with one rig in the North since September 2010. Our second rig, a 2,000hp land-rig destined for Southern Iraq, will be arriving in November 2010 with operations expected to start in early 2011.

“In addition to the two rigs already commissioned for Iraq, we are planning to ship a third rig from Dubai into the region, expected to be operational in 2011, and are also in the process of building two additional 1,500hp Speed Rigs, manufactured by Bentec, to address the specific requirements of Iraq. They are expected to go into service in during 2012.

“KCA Deutag has also recently signed an MoU with the Iraq Drilling Company to jointly pursue future drilling and training opportunities in Iraq and we have begun recruiting Iraqi engineers in line with our policy of knowledge sharing. KCA Deutag has a long history in the Middle East and was involved with the Iraqi oil services sector as early as in the 1950s and operated successfully in the country up until the 1980s. We again look forward to providing safe, effective and trouble-free services to the re-emerging Iraqi oil industry and to helping rebuild its presence on the global oil market, and thus contribute to the overall economy.”

Rigs >>

Rigs News in Iraq >>

United Kingdom >>  4/18/2019 - Seadrill Partners LLC (SDLP) has received early termination notice for the West Capricorn contract approximately three months ahead of schedule. The ...
United States >>  4/17/2019 - Transocean Ltd. issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offsh...

Azerbaijan >>  4/16/2019 - Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company) has been awarded its first contract, which is with BP Exploration (Caspi...
Mongolia >>  4/16/2019 - Petro Matad Limited has signed contracts for two rigs for its upcoming 2019 four well drilling programme. ...

United Kingdom >>  4/15/2019 - Equinor has extended the Floatel Superior charter at the Martin Linge Field Development in the Norwegian sector of the North Sea with four months unti...
Norway >>  4/11/2019 - MHWirth, a company owned by Akastor ASA, signed a contract with Keppel FELS for delivery of one drilling equipment package for a new mid water semisub...

Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.