Green Hydrogen Hype Fades as High Costs Force Projects to Retreat
(Bloomberg) — Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the...
Aberdeen-based drilling contractor KCA Deutag announced today their jack-up rig Ben Rinnes has been awarded a two-year, $170 million contract by Sonangol Pesquisa e Produção, S.A.
The contract comes with a two-year extension option and will include a multi-well program in various offshore locations in Angola.
The rig has been operating in Gabon since January 2013 according to the company.
Rune Lorentzen, President of KCA Deutag’s offshore division said: “We are extremely proud to partner with Angola’s national oil company. This award is a reflection of the quality and strength of our operations across the globe, and our approach to working with our customers to understand their needs and provide them with drilling solutions for the future.”
“Angola is the second largest oil producer in Africa and it continues to be a major hub of activity for KCA Deutag. We have worked hard to build a strong presence within the region and this contract will only serve to enhance our operations even further.”
KCA Deutag owns or manages a fleet of 99 rigs worldwide, many of them on land, or atop production platforms which are used for production or well intervention activities.
The Ben Rinnes is one of two jack-up rigs in the company’s fleet.
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