KCA Deutag and Pruitt establish strategic partnership
12 January 2024

KCA Deutag, a leading drilling, engineering and technology partner, and Pruitt, an industry leader in Managed Pressure Drilling (MPD) technology have signed an exclusive partnership agreement to collaborate on MPD opportunities globally.
KCA Deutag’s
global footprint, customer relationships and extensive drilling, engineering
and technology experience combined with Pruitt's expertise in MPD equipment
design, manufacturing, and well engineering will see the companies combine
their expertise to offer additional drilling and well delivery solutions to
customers across the globe.
The
partnership provides Pruitt with access to KCA Deutag’s resources, rig
engineering, and supply and manufacturing bases in Europe and the Middle East,
while KCA Deutag will benefit from the inclusion of Pruitt’s best in class MPD
technology solutions into their drilling operations.
Ole Maier,
President for Offshore for KCA Deutag commented: "Pruitt is an industry
leader in managed pressure drilling and this partnership allows us to offer
additional MPD technology and services to further support our customers with
drilling and well delivery solutions. By working closely together, we can
leverage our expertise to introduce new ways of working and target growth
opportunities to #enhancethebrand and create accretive value to all
stakeholders.”
Grant Pruitt,
President/CEO of Pruitt stated: “KCA Deutag is a leading drilling, engineering
and technology partner and this agreement provides us with direct access to 160
owned and managed drilling rigs across the Middle East, Europe, Africa, Caspian
Sea, Latin America and Canada. We look forward to working together to deliver
successful managed pressure drilling projects to customers globally.”
Investor relations
For more information please contact:
Jan Hetherington, Head of Corporate Development and Treasury
Media enquiries
For more information please contact:
Linzi Punton, Group Head of Communications