KCA Deutag Sells Ben Loyal Rig
Global drilling and engineering contractor, KCA Deutag, announced Monday that it has sold its jack-up drilling unit, the Ben Loyal (300' ILC), to Egyptian-headquartered Advanced Energy Systems A.D.E.S. SAE “for an undisclosed sum”.
Built in 1981 and acquired by KCA Deutag in 2005, the Ben Loyal’s operational performance had been strong, according to a company statement, and until October of this year the drilling unit had been under contract in the Gulf of Mexico. Ben Loyal, which is due for a special periodic survey next year, is capable of drilling in water depths of 300 feet. The sale of the unit marks a shift in company focus for KCA Deutag.
Norrie McKay, KCA Deutag CEO, commented in a company statement:
“The sale of the Ben Loyal is another important step for KCA Deutag as we continue to focus our growth strategy on our core businesses of premium rig services, specialist engineering and design, and land rig manufacturing.”
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