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Sunday, May 5, 2024 23:36 GMT
KCA Deutag, a leading UK-based drilling, engineering, and technology company, has secured an additional US$45 million of project financing from Oman Arab Bank (OAB). This builds upon the previous US$45 million financing acquired by the company in 2023. The total funding package of US$90mn supports the construction of four highly automated new build rigs, the first to be constructed in Oman. As previously announced, KCA Deutag will own and operate the rigs having secured ten-year...More