KCA DEUTAG, the international drilling and engineering contractor, announced that it has commenced operations in Iraq, with the deployment of one rig in the north of the country and a second being mobilised shortly.
KCA DEUTAG established its presence in the country with its first rig, now operating in Northern Iraq. The company’s second Iraqi rig, a new-build 2,000HP land rig, T-601, is arriving in Basra, Southern Iraq, in the next few weeks and will be operational as of early 2011.
Tim Summers, KCA DEUTAG chairman said: “Iraq is a key strategic market for KCA DEUTAG as the country looks to develop its huge reserves base. Even before the Iraqi government increased their estimate of the country’s proven oil reserves by 25 per cent to 143bn barrels, the Iraq Drilling Company was planning to drill more than 250 wells each year from 2011. Iraq represents an important opportunity both for KCA DEUTAG and Bentec given the anticipated level of industry activity and investment in the region. KCA DEUTAG has been operating in-country with one rig in the North since September 2010. Our second rig, a 2,000hp land-rig destined for Southern Iraq, will be arriving in November 2010 with operations expected to start in early 2011.