KCA sells jackup drilling rig to Egyptian purchaser

Offshore staff

ABERDEEN, UKKCA Deutag has sold its jackup drilling rig Ben Loyal to Egypt-headquartered Advanced Energy Systems.

The Friede & Goldman L-780 MOD II rig, designed to operate in water depths of up to 300 ft (91 m), was built in 1981. KCA Deutag acquired it in 2005, and until last October it had been continuously under contract in the Gulf of Mexico.

It is due for a special periodic survey this year.

KCA Deutag CEO Norrie McKay said his company would “continue to focus our growth strategy on our core businesses of premium rig services, specialist engineering and design, and land rig manufacturing.”


Share your news with Offshore at news@offshore-mag.com

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...