Aberdeen-headquartered KCA Deutag has announced a $550m deal to acquire the onshore drilling business of Italian contractor Saipem. Expected to close in the fourth quarter of this year, the deal will also see Saipem also take a 10% stake in KCA Deutag. Once complete, the combination with KCA will create a “leading global onshore drilling business”, with 11,000 employees globally …
Aberdeen-headquartered KCA Deutag has landed a contract worth $550 million (£408m) in Oman, securing nearly 200 jobs. Petroleum Development Oman, headed up by former Shell North Sea boss Steve Phimister as managing director, has awarded the 10-year deal to KCA Deutag. The contract covers drilling services including four new automated land drilling rigs to be built in-country. Combined with options to extend …