KCA DEUTAG SOLD
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum.
Built in 1981 and acquired by KCA Deutag in 2005, the Ben Loyal's operational performance has been strong and until October of this year it had been continuously under contract in the Gulf of Mexico. The Friede & Goldman L-780 MOD II rig, which is due for a special periodic survey next year, is capable of drilling in water depths of 300ft.
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