Page 14 - MEOG Week 04 2022

MEOG NEWS IN BRIEF MEOG

least 4 of these undergraduates upon course opportunity to train and develop local that benefit from our fuel optimisation
completion. Omanis in the design and manufacture of technology and are capable of adopting grid
The ICV benefits will continue throughout mechanised rigs, in addition, to supporting and hybrid technologies in the future.”
the life of the contract, securing employment Omani SMEs and providing job opportunities KCA DEUTAG
for approximately 190 jobs. for Omanis. It is a step change in the country
The rig design and all key components will to have locally manufactured light rigs for Aramco awards $71m steel
be provided by KCA Deutag’s new business PDO.”
unit, Kenera, through its Bentec engineering Simon Drew, President of KCA Deutag’s pipes deal to Arabian Pipes
and manufacturing centre. The modern Land Operation, said: “KCA Deutag has
rigs will be highly automated, fast-moving been operating in Sultanate of Oman and Saudi oil giant Aramco has sealed a SR268
units designed for safe and efficient drilling working for PDO for almost 60 years and million ($71 million) deal with homegrown
operations in well-established Omani fields we are delighted to have been awarded this Arabian Pipes Co. to provide steel pipes,
and will benefit from the latest technologies opportunity to continue this long-standing according to a bourse filing.
from KCA Deutag’s Well of Innovation. relationship. This investment demonstrates The contract will be valid for 13 months,
Mohammed Al Rashdi, PDO Well our commitment to PDO and the Sultanate the Riyadh-based pipe manufacturer said in a
Engineering Director, said: “Awarding this of Oman to deliver outstanding In-Country statement to Saudi stock exchange, Tadawul.
contract to KCA Deutag Energy LLC is a key Value with the first four rigs constructed Arabian Pipes expects the transaction to
step in establishing local rig manufacturing locally. It is also validation of our excellent impact its financial statements starting from
capabilities, especially for mechanised rigs safety record, incident-free operations and the third quarter of this year until the first
capitalizing on PDO journey to modernize technological performance – as well as an quarter of 2023.
its rigs fleet. This will also come with an opportunity to deliver energy-efficient rigs ARAB NEWS

P14 www. NEWSBASE .com Week 04 26•January•2022