KCA Deutag - comment

KCA continue to make progress in completing its Saipem Onshore drilling acquisition, announcing today the conclusion of another 44 rigs from Saipem. This leaves only 6 rigs (Romania and Kazakhstan), which will be acquired once regulatory and local processes are finalised. The 44 rigs are all in Latam, a new geographical region for KCA, including 17 rigs in Venezuela which are currently inactive.

KCA will hold their Q1 2023 conference call on 18th May.