KCA Deutag awarded up to $1bn of contracts by BP

Drilling and engineering contractor KCA Deutag has announced that it has been awarded two contracts by BP Exploration (Caspian Sea) worth a combined value of approximately $360m for the initial contract and up to $1bn including all options.

The first contract has been awarded to the company’s offshore division and is for the operations and maintenance of seven platforms operated by BP in the Caspian Sea. The initial term is for three years with two three year extension options.

The second contract has been awarded to RDS, KCA Deutag’s engineering and design specialist, and is for engineering support services on all drilling packages for projects in the Caspian Sea that are operated by BP from the Azerbaijan, Georgia and the Turkey Region. The contract is effective from December 1, 2015 to September 30, 2017 with two extension options of one year each.

Rune Lorentzen, president of offshore and RDS said: “These major contract awards build on KCA Deutag’s long standing relationship with BP, and recognise our efforts to deliver both continuous improvement and value to our client. We are committed to providing the highest quality of service and our engineering and design team will work closely with the operations and maintenance team to ensure that we achieve that.”

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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