
Kuwait Drilling Company (KDC) and National Energy Services Reunited (NESR), a provider of integrated energy services in Mena, have announced they secured a campaign award for integrated drilling services and well delivery in Jordan, valued at an estimated $200 million over four years.
The 80 well campaign in Jordan builds
upon ongoing cooperation between KDC and NESR across several countries, in
which the collaboration has employed an innovative business model to deliver
cost-effective, high-performance wells by combining best-in-class operational
practices and techniques.
In this collaboration, KDC provides the rigs and associated
drilling services, including mobilisation, rig operation, maintenance,
logistics, and on-site safety management.
KDC's role
encompasses the end-to-end drilling execution and coordination with third-party
providers, ensuring efficient rig utilisation and operational continuity, while
NESR deploys services in the well construction scope with a selection of highly
complementary services, effectively minimising waste and non-productive time (NPT)
across the entire project lifecycle.
Dr Abdulazeez Al-Rashed, Kuwait Drilling
Company Chairman, commented: "We are very proud of this award as
it establishes the company to lead such integrated projects
in Jordan and neighbouring countries. Following the initial campaign,
we have demonstrated efficiency and fit for purpose set-up with NESR as our
partner to deliver ten (10) lump sum turnkey (LSTK) wells. Our aim is to
continue building on the success and relationship to have a solid offering to
all our clients in the region."
Sherif Foda, NESR CEO & Chairman, commented: "This award represents strong continuation of our extremely fruitful collaboration with KDC on similar, integrated well delivery projects across the region. Alongside KDC, recent successes in Oman and Jordan have established our solid track record in the integrated services space, and in our view represent an optimal integrated model that avoids unnecessary balance sheet waste, standby charges or subsurface risk. This campaign in Jordan reflects KDC's and NESR's ability to leverage its integrated capabilities within an effective model that improves upon the project management pitfalls of the past within our sector." -OGN/TradeArabia News Service