VOL. XLI

No. 43

26-October-1998

KUWAIT

KOC Awards Santa Fe International 3-Year Contract For New Land Rig

The Dallas-based drilling contractor, Santa Fe International Corp.,announced on 20 October that it has been awarded a three-year contract by the Kuwait OilCompany (KOC) for the supply of a new 3,000 HP land drilling rig. The new rig, to be namedSanta Fe Rig 180, will cost $19.5mn and will be larger than any land rig currentlyworking in the Middle East. It will be capable of drilling to...