KCA DEUTAG Lands Drilling Gig in Libya
Petro-Canada Oil has awarded KCA DEUTAG two multi-million dollar land drilling contracts. These two contracts are for Petro-Canada's drilling campaign in the Sirte Basin which comprises approximately fifty onshore vertical exploration wells.
KCA DEUTAG's 1,500hp rig T-19 has been awarded a one-year contract, with a two-year extension option, and is scheduled to commence in 2Q, 2010. Rig T-72, a 2,000hp rig, is going to start operations for Petro-Canada in 4Q, 2010 following completion of a comprehensive refurbishment.
In addition, Rig 32, KCA DEUTAG's 700hp workover rig, has been awarded a contract by JSC Tatneft Libyan Branch, which commenced in December 2009. The contract, which includes an option for an additional year, is for the completion of 2 wells in the Ghadames Basin within the concessions of the Russian Oil Company, Tatneft.
Furthermore, the Libyan Sirte Oil Company has awarded a one year drilling contract to KCA DEUTAG'S Rig 206. The contract was signed on 19th January 2010 at Sirte Oil Company's Headquarters in Marsa El Brega, Libya. Currently the 1,200 HP rig is in its final preparation phase and will commence work beginning of March 2010.
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension