| Work Detail |
UK-based drilling, engineering, and technology services company KCA Deutag has prolonged and extended an assignment across multiple platforms on the Norwegian Continental Shelf (NCS), which is being undertaken by Axess Group, owned by Axio (72%), Salvesen & Thams Invest (18%), and Axess Mipco (10%).
Thanks to the extension of the frame agreement with KCA Deutag in Norway, Axess will continue delivering services to seven platforms and widen its work portfolio by adding two more platforms, bringing the total to nine.
The company’s scope of work entails dropped object management, inspections of pipes, lifting and drilling equipment, alongside risk-based inspection (RBI).
Rune Jacobsen, Sales Director – AIM at Axess Group, commented: “We are delighted to continue working with KCA Deutag. The extension of the long-term frame agreement further solidifies our partnership in Norway, which began in 2017.”
Recently, KCA Deutag won multiple onshore and offshore drilling assignments and extensions, spanning different continents, which expanded its total backlog by $900 million.
The UK player’s business combination with Helmerich & Payne (H&P) was revealed in July 2024. The U.S.-headquartered rig technologies and drilling solutions player’s acquisition of KCA Deutag is valued at almost $2 billion.
The merger completion is anticipated by year-end, fortifying H&P’s global onshore drilling position, increasing rig count, and improving the combined company’s standing in America and the Middle East. |
