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Drilling, engineering, and technology company KCA Deutag has secured contracts worth $204 million in its key and core markets. The work will be carried out in Oman, Saudi Arabia, Peru and Bolivia.
In Oman, the company has inked contracts for five rigs with a single customer, totaling $181 million. This amounts to a total of 18 years of additional work, KCA Deutag noted in a media release. Additionally, the company secured three short−term extensions in Saudi Arabia with a combined value of $16 million.
Within the Oman agreement, two rigs are undergoing upgrades with Kenera Battery Energy Storage Systems (BESS) to enhance energy efficiency and lower carbon footprints. Developed by Kenera, the group’s technology and energy transition arm, these BESS units convert the rigs into hybrid-powered assets. The battery systems, charged from the existing rig generators, improve efficiency by providing power during peak loads, thereby reducing diesel consumption and carbon emissions by around 15 percent, according to the company.
The BESS technology is helping the company reduce its carbon footprint in Oman where it already deployed a grid container to another rig enabling it to be powered from the electrical grid.
Across the globe, in Latin America, KCA Deutag secured a six-month extension of a rig in Bolivia worth around $6 million and the finalization of two short-term workover contracts in Peru, the company said.
“These awards demonstrate our leading position in the Middle East and the positive momentum we’ve experienced in Latin America since the completion of the acquisition in May last year”, Simon Drew, President of Land at KCA Deutag, said.
“The deployment of our BESS technology in Oman will provide our customer with improved energy efficiency and a reduction in carbon emissions while demonstrating our commitment to delivering customer-centric solutions that support sustainable drilling operations through technology, automation and energy optimization,” he added.
To contact the author, email andreson.n.paul@gmail.com
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