The US$2 billion contract will see the consortium provide engineering, procurement, construction and commissioning (EPCC) services for the development of an onshore oilfield that will generate up to 200 000 bpd.
According to GlobalData’s latest report, ‘DJ Basin in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’, the Denver Julesburg Basin accounted for 7.02% of oil and 6.65% of natural gas production in the United States Lower 48 for 2020.
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KCA Deutag has secured a contract award and two contract extensions for platform drilling services in Russia, UK and the Norwegian North Sea.
The combined value of the awards is approximately US$550 million and will account for 13 years of contract backlog.
KCA Deutag’s Offshore division secured a five-year contract, with a further 2x2 year extension options, with an unnamed oil company offshore Russia. The award will see the local team continue to deliver platform drilling services including rig maintenance, warehousing, inventory procurement and management for three offshore platforms.
In addition, the UK and Norway teams were also successful in securing two separate contract extensions with unnamed, longstanding customers.
From 2022, taxes will be limited to the low US$800 billion range, only ticking up in the early 2030s to about US$900 billion, before starting their final and uninterrupted decline to as low as US$580 billion in 2040 and about US$350 billion in 2050, according to Rystad Energy.