Global drilling and engineering contractor KCA Deutag is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168m. These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD's rig and oilfield equipment manufacturer.

The first contract is with an existing client for five of those rigs to carry out drilling operations in two fields in Eastern Siberia. Each rig is expected to drill for varying periods of between three and four years. The contract increases the number of rigs we currently have operating for this client from four to five.

The next contract is for two 1500 HP Cluster Slider rigs which will drill in Northern Russia. It is an extension to an existing contract and will run until 31 December 2021.

In addition to this KCAD has won a new contract for one of its 2000 HP land rigs to drill four wells in Southern Russia. This has an estimated duration of five months per well.

Commenting on today's announcement, Simon Drew, President of Land said: "Our fleet in Russia continues to see high utilisation and we are delighted that clients are recognising the high quality of our services and strong performance by awarding us these contracts in what continues to be a tough market."

About KCA DEUTAG

KCA DEUTAG is one of the largest international drilling contractors. The company employs 8,000 staff in more than 22 countries and it had revenue in 2012 of US$1.7 billion.
KCA DEUTAG is currently the drilling operations contractor on 39 offshore platforms worldwide and owns and operates a fleet of mobile offshore drilling units consisting of 2 jack-ups and 3 self erecting tender barges. The company also owns and operates a fleet of more than 60 land drilling rigs.