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KCA Deutag creates joint venture in Kazakhstan

KCA Deutag creates joint venture in Kazakhstan

 

KCA Deutag Group and OGCC JSC KazStroyService have created a joint venture (JV), KCA Deutag Kazakhstan LLP – 51% owned by KCA Deutag Drilling GmbH and 49% by OGCC JSC KazStroyService Co.

The JV agreement concluded in early 2021 between the two companies led to the formation of KCA Deutag Kazakhstan LLP, which will focus on PSA projects in Kazakhstan, covering engineering, procurement and leasing of drilling rigs, as well as their operations and maintenance, re-construction and modification.

Simon Drew, President of Land Drilling at KCA DEUTAG, said: “We see Kazakhstan as a key growth market, and we are delighted to re-energise our presence in the country. Together with our Joint Venture partner we are committed to delivering highest standards of operational performance. We will also be seeking opportunities to and demonstrate our ability to provide engineering, services and technology solutions that our potential customers need in both oilfield and energy transition projects in the future.”

Sabit Zhanassov, General Director of JSC OGCC KazStroyService, said: “This joint venture will strengthen the position of two large oilfield service companies and will provide high quality of services, which will have a positive effect on the market environment in Kazakhstan. Thanks to international experience of our partner, we will train local specialists and offer new solutions in industry development.”

Read the latest issue of the OGV Energy magazine HERE

Published: 13-07-2021

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