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KCA Deutag Targets Growing European Geothermal Drilling Market

KCA Deutag today announces its continued expansion into the growing European geothermal market with the award of a new contract for the delivery of two geothermal wells in the Netherlands.

These wells will be drilled by a 2,000 hp EURO Rig, designed by Bentec, the group's land rig and oilfield equipment manufacturer.  The rig has a fully automated pipe handling system and was one of the first of its kind to be manufactured.  Drilling will commence later this month.

Commenting on the opportunities in the European geothermal drilling market, Simon Drew, KCA Deutag President of Land said: "I am delighted to announce further progress in this sector.  Geothermal drilling is a growth market in Europe as the region seeks to increase its renewable energy generation, and our operation there is well placed to address this market."

Ard Louis, Country Manager – Europe said:  "This is an excellent contract win in what has been a challenging period for the industry.  This is our fifth contract award in the geothermal drilling market over recent years and we look forward to increasing our activity in this area as we move forward."

07/03/2017