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$280m DRILLING RIGS CONTRACT

Trevi Group wins big Saudi, Algeria energy orders

RIYADH, January 17, 2015

Trevi Group, a leader in the field of soil engineering, said one of its units has won an order for the supply of two rigs of 2000hp AC HSL (Hydraulic Swing Lift) from a drilling contractor operating in Saudi Arabia.

The contract was clinched by Drillmec, the division of Trevi that produces and develops drilling rigs (oil, gas and water).
 
The Saudi company, which placed the order, has been operating in the sector for over 50 years and has an important role in the expansion program of the world's biggest oil producer Saudi Aramco.

The two rigs, which will commence the drilling activities of new production wells as of the third quarter of 2015, will be equipped with the latest innovations developed by Drillmec in the field of automation and control, as well as the latest technology for increased safety.

In another major development, the company also won contract for the supply of five 2000hp AC rigs and two 3000HP rigs with Enafor, an Algerian leading drilling services company and acting on behalf of Sonatrach, the national oil company and largest African operator.

The two rigs of 3000HP will be the first of such power acquired and operated by Enafor, specially designed and intended for deep drilling where high temperatures and pressures exist.

The other five rigs of 2000 HP will instead be allocated to the drilling of new oil wells in the expansion program of the National oil company.

The program of exploration and production recently announced by the Algerian Energy Minister Youcef Yousfidi, provides for the drilling of new oil and gas wells and the purchase of special oil drilling rigs designed for the region.

Drillmec has previously supplied other rigs in Algeria and this additional order confirms the success of our products in the country, said the statement from Trevi.

The supply of these rigs further consolidates Drillmec’s presence in the country and confirms the state of the art technology achieved by these products, it added.-TradeArabia News Service




Tags: Saudi | Algeria |

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