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Petroleum Development Oman, headed up by former Shell North Sea boss Steve Phimister as managing director, has awarded the 10-year deal to KCA Deutag.

The contract covers drilling services including four new automated land drilling rigs to be built in-country. Combined with options to extend for a further two years, the deal has a total value of $550 million.

Read the full story here.

Photo Credit: Energy Voice.

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