Scottish oil and gas drilling firm KCA Deutag has secured contracts worth around £80 million in Pakistan, Russia, Kurdistan, Europe and Germany.
KCA Deutag, of Aberdeen, said the new business was made up of a mix of contract wins, allowing it to mobilise stacked rigs, and contract extensions.
The company completed a financial restructuring at the end of last year, resulting in it changing hands.
It has clinched a new five-year contract with a major oil company for operations in south-eastern Europe.
A KCA rig will start drilling operations in 2022 following mobilisation from the UAE.
Including options periods, the total contract value is £54m.
Also in Europe, the T46 rig is mobilising for a single well contract valued at £2.2m.
In Pakistan, contracts worth around £8.7m have been placed for three rigs.
The previously stacked T72 rig will undertake a workover and T202 is mobilising from the UAE.
T75 is in country but has been stacked for some time.
Two of these contracts are with new clients in Pakistan.
In Russia, contracts for four client owned rigs, on which KCA provides operations and maintenance services, have been extended from October this year to March 2022.
Additionally, a new work order has also been secured for the T391 rig this year for a further eight wells during the remainder of 2021.
The total contract value is about £9.5m.
A new £5.4 million contract has also been secured in Kurdistan to mobilise the T63 rig with a client KCA was operating for prior to the Covid pandemic.
Simon Drew, president of land drilling at KCA, said: “We are delighted to have been awarded these contracts and contract extensions, which build on our long-standing relationships with a number of key customers in important territories for the Group.
“At the same time, we continue our development and deployment of our Well of Innovation technologies to improve the value we deliver to our oil and gas clients. This contributes to our ability to secure contracts such as these.
“Alongside this, we have and are developing new technologies as we leverage our Group-wide operating, manufacturing and engineering capabilities to make our rigs more energy efficient while at the same time move into renewable energy applications as the energy transition gathers pace and scale.”
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