KCA Drilling Awarded Drilling Contract For Dorood Field

KCA Drilling Limited has received confirmation of a contract with Elf Petroleum Iran, a subsidiary of TotalFinaElf, appointing KCA as the onshore drilling contractor for the Dorood Field development on Kharg Island in Iran.

The contract involves the drilling and/or work-over of 28 production related wells onshore Iran utilizing two drilling units, which belong to the National Iranian Drilling Company (NIDC), with an option over a third unit.

KCA will upgrade and modify the drilling units and then provide the management and supervision for the drilling process. Engineering work is expected to commence shortly with drilling operations due to begin early in 2002. The contract, which has a duration of approximately 3 years, is worth approximately $50 million.