KCA DEUTAG

KCA DEUTAG is an international oil and gas services company headquartered in Aberdeen, UK. It is a subsidiary of Abbot Group which was itself acquired by US-based equity firm First Reserve in March 2008, [ [http://www.theherald.co.uk/business/news/display.var.1917602.0.Abbot_Group_agrees_906m_takeover_bid_from_First_Reserve.php Williamson, Mark. "Abbot Group agrees £906m takeover bid from First Reserve", The Herald (online). December 20th 2007. UK.] Accessed 16th June, 2008.] a deal valued at £906 million. [ [http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/12/20/cnabbot120.xml Hotten, Russell. “Abbot founder vindicated by £906m sale”, Telegraph.co.uk. December 20th 2007. UK.] Accessed 16th June, 2008.]

The company has a number of regional offices across its global operations and currently operates in over 20 countries with over 8000 personnel.

In March 2008, Holger Temmen became CEO of Abbot Group [ [http://www.pressandjournal.co.uk/Article.aspx/553928 Findlay, Keith “Former Deutag Europe MD named Abbot’s new Chief”, Press and Journal (online). 25th March 2008. UK] Accessed 15th June, 2008.] whilst Neil Stevenson was appointed as Director of Business Development and Commerce of KCA DEUTAG in June 2008. [ [http://www.the-eic.com/News/Archive/2008/Jun/Article4718.htm “KCA DEUTAG appoints Director of Business Development and Commerce” EIC] Accessed 15th June, 2008.] March 2008 also saw the Company's Director of Technical Services named as IADC - International Association of Drilling Contractors - Contractor of the Year. [ [http://www.iadc.org/drillbits/2008/Drill%20Bits%202008-04.pdf "KCA DeutAG Director named '08 Contractor of the Year" Drillbits, April 2008] Accessed 15th June, 2008.]

KCA DEUTAG has seen continued growth. For example, in May 2008 the Company announced that it had won US$100 million of land drilling contracts in Europe and Russia. [ [http://www.the-eic.com/News/Archive/2008/May/Article4658.htm “KCA Deutag wins US$100 million of land drilling contracts” EIC] Accessed 15th June, 2008.]

Operations

Whilst its headquarters are in Aberdeen, KCA DEUTAG is split into a Northern Business Unit and a Southern Business Unit, the former operating out of Aberdeen and the latter out of Dubai. [ [http://www.kcadeutag.com/index.php?option=com_content&task=view&id=26&Itemid=33 "About Us", KCA Deutag, UK.] Accessed 12th June, 2008.] It has 61 land rigs and 39 offshore platforms [ [http://www.kcadeutag.com/images/media_centre/abbot_csr_reports/ABBOT%20CSR%202007.pdf "CSR Report 2007", Abbot Group Limited, UK.] Accessed 12th June, 2008.] with a long-established history across its operations:

::Europe 100 years

::Libya 50 years

::Oman 40 years

::Nigeria 15 years [ [http://www.kcadeutag.com/images/media_centre/abbot_annual_reports/ABBOT%20REPORT%202007.pdf "Annual Report 2007", Abbot Group Limited, UK.] Accessed 12th June, 2008.]

KCA Drilling and Deutag AG merged in 2001. [ [http://www.europetrotec.com/deutag-referenzen.htm "Deutag Referenzen", Europetrotec.com] Accessed 15th June, 2008.]

KCA DEUTAG also has its own facilities and engineering services group, RDS [http://rdsportal.rdsoil.com/frame/rdswebsite.htm] , which itself has 700 personnel and 30 years experience in the industry. [ [http://www.kcadeutag.com/index.php?option=com_content&task=view&id=26&Itemid=33 "About Us", KCA Deutag, UK.] Accessed 12th June, 2008.]

RDS has impressed with continued global growth. In June 2008 it won two contacts in Southeast Asia worth an estimated US$4 million [ [http://www.energycurrent.com/index.php?id=2&storyid=11112 “RDS receives $4 million in contracts” EnergyCurrent (online), 10th June, 2008. US.] Accessed 16th June, 2008.] RDS also announced in late May 2008 that it would be opening a new office in Stockton-on-Tees as it continues to expand [ [http://www.pressandjournal.co.uk/Article.aspx/659701/?UserKey=0 Forsyth, Ian. “Rig-design specialist to expand team in Aberdeen”, Press and Journal (online), 28th May 2008. UK.] Accessed 15th June, 2008.]

In 2007, the Company celebrated 10 years operating in Azerbaijan. [ [http://www.rigzone.com/news/article.asp?a_id=53046 “KCA Deutag Celebrates 10 years of operations in Azerbaijan” Rigzone.com, November 19th 2007. UK.] Accessed 15th June, 2008.] Late 2007 saw KCA Deutag named as “Shell International Exploration & Production's Top HSE Performing Drilling Contractor of the Year 2007”. [ [ http://www.scandoil.com/moxie-bm2/by_province/north_sea_rim/kca-deutags-safety-performance-recognised-by-shell.shtml “KCA Deutag’s safety performance recognised by Shell” Scandinavian Oil and Gas Magazine (online). 28th November 2007.] Accessed 15th June, 2008.]

References

External Links

[http://www.kcadeutag.com KCA DEUTAG]

[http://www.abbotgroup.com Abbot Group]