KCA DEUTAG, one of the world’s largest drilling contractors, has signed a multi-million USD contract with Central European Petroleum GmbH (CEP) who is based in Berlin, Germany.

CEP is a subsidiary of Central European Petroleum Ltd. in Alberta, Canada, which has been registered in Germany in 2008 for oil and gas exploration operations in the European Union.

The contract, for KCA DEUTAG’s land drilling rig T-208 (Bentec EURO RIG), follows the successful co-operation between both parties which was established during CEP’s 2011 drilling campaign executed by KCA DEUTAG’s sister rig, the T-207.

The work comprises of the provision of drilling and related services for CEP’s exploration campaign, which is due to begin in the north-eastern part of Germany early in the second quarter of 2012.

Hans Schröer, KCA DEUTAG’s Country Manager for Europe, said: “The T-208, is our newest Euro Type rig and specially built to fulfill the high requirements for drilling in environmentally sensitive areas.

“Compliance with the latest European regulations, a fully ATEX/SIL certification, low emission, modular structure and a small footprint, coupled with the highest technical standard and built by our sister company Bentec, are some of the key elements of T-208.”

Holger Temmen, CEO of KCA DEUTAG said: “The T-208 rig will deliver a safe, effective and trouble free operation to our client CEP and we are looking forward continuing the successful relationship between CEP and KCA DEUTAG.

"Building on relationships we have established with companies such as CEP is extremely important to KCA DEUTAG; securing repeat business based on industry leading operational and HSE performance.” 

(ends)

Notes for Editors

KCA DEUTAG is one of the world’s leading drilling and engineering contractors. It operates more than 100 drilling rigs in over than 22 countries employing 8,000 people in Africa, Europe, Russia, Middle East, the Caspian Sea and South East Asia. The company owns a fleet of more than 60 land rigs, 3 jack-ups and 3 self-erect tender barges; it is also the largest global platform drilling contractor. Last year, KCA DEUTAG was awarded offshore and onshore contracts totaling more than $1.6bn. Particular highlights include multimillion dollar agreements in Europe and Africa as well as entry in the dynamic Brazilian oil and gas markets.

Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) is the operator of the Sakhalin-2 project under a Production Sharing Agreement with the Russian Federation. The company was formed in 1994 to develop the Piltun-Astokhskoye oil field and the Lunskoye gas field in the Sea of Okhotsk offshore Sakhalin Island in the Russian Far East. Sakhalin Energy is a unique partnership drawing upon global oil and LNG expertise and experience. Under the shareholding structure of Sakhalin Energy, Gazprom holds 50% plus 1 share, Shell 27.5%, Mitsui 12.5% and Mitsubishi 10%.