KCA Deutag Wins US $100 Million Worth of North Sea Contracts

KCA DEUTAG has announced a series of contract wins and extensions in the North Sea worth over US $100 million over the next 3 years.

As a result of a competitive tender for CNR International (U.K.) Limited (CNR), KCA DEUTAG has received a letter of intent confirming the award of a contract to perform CNR's platform drilling and maintenance services in the North Sea. The contract will run for three years with two, one year options.

Nexen confirmed that they were extending KCA DEUTAG's existing operations and maintenance contract on the Scott platform for a further 3 years, with options to extend the contract at the end of this period. KCA DEUTAG held the drilling contract on Scott which was previously owned by EnCana until Nexen acquired the asset in 2004.

Total has also extended the current KCA DEUTAG operations and maintenance contract for North Alwyn and Dunbar for a further 3 years.

Commenting, Brian Taylor, KCA DEUTAG Business Unit Director for UK, Norway, Caspian and Sakhalin said, "These contract wins and renewals are very encouraging. Despite the significant downturn in activity in 2004 the North Sea is still an important market for KCA DEUTAG, and I am delighted that our continuing commitment and experience in providing safe and efficient platform drilling operations in this challenging environment has been recognized by our customers."

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