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Thursday, May 5, 2011

KCA Wins North Sea Drilling Contract

KCA Wins North Sea Drilling Contract

Thursday, May 05, 2011
KCA DEUTAG

KCA DEUTAG has won a competitive tender for a new drilling contract from the international energy company Statoil to provide drilling services at the Kvitebjørn gas and condensate field on the Norwegian Continental Shelf.

The contract is for a primary period of two years with the option to extend by two further periods of two years each.

At Kvitebjørn the utilization of Managed Pressure Drilling (MPD) technology is necessary to be able to drill in a depleted reservoir at a depth of 4000 meters with high temperatures and under high pressure. KCA DEUTAG has cooperated closely with Statoil in developing the MPD technology used at Kvitebjørn.

KCA DEUTAG operates on seven of Statoil's rigs on the Norwegian Continental Shelf and has operated drilling services on the Kvitebjørn platform in block 34/11, east of Gullfaks, since its installation in the summer of 2003. This contract is the latest in a working relationship with Statoil that spans almost 30 years' duration; KCA DEUTAG has provided the company with drilling and engineering services since 1983.

Holger Temmen, KCA DEUTAG's Chief Executive, commented: "It is our vision to be the preferred drilling contractor through measurable performance improvement in all sectors of our business. This award supports this vision, in one of our most important markets and for one of our largest clients. MPD technology is now receiving worldwide attention as a key enabler for depleted or marginal reservoirs and as a performance drilling tool and we are confident that we can further exploit our acknowledged expertise and competence in this area."

Paul Horne, KCA DEUTAG's Country Manager, Norway, said: "I look upon this award as a vote of confidence and an acknowledgement of the success of our previous drilling services provision at Kvitebjørn."

KCA DEUTAG is one of the world's largest international land drilling contractors, with some 63 rigs worldwide, and one of the largest platform drilling contractors in the North Sea. The Company also operates a fleet of Mobile Offshore Drilling Units (three wholly owned jack-ups and seven part-owned self erect tender barges). KCA DEUTAG employs approximately 8,000 people and operates in over 20 countries worldwide.

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