BELARUS NEWS AND ANALYSIS

DATE:

27/10/2010

KCA DEUTAG's Bentec appoints new CEO Wins Belarus multi-million Euro contract

Bentec GmbH, the leading manufacturer of high quality drilling rig systems and drilling rig components, part of the KCA DEUTAG Group, is pleased to announce the appointment of Dirk Schulze as Chief Executive Officer. Mr. Schulze has provided strategic management consultancy and has significant and longstanding experience in the international mining and mining equipment business, including nine years in senior positions in both Australia and Africa.

Bentec also announced it has signed a multimillion Euro contract with Esta Group AG for the manufacture and delivery of a new stationary Bentec 450 ton rig. The rig, which is for ultimate customer Belorusneft (the Republican Unitary Enterprise Production Association of Belarus), is required for the drilling of deep wells in the Republic of Belarus.

Holger Temmen, KCA DEUTAG Chief Executive, said: "I am delighted to welcome Dirk Schulze as CEO of Bentec. His international experience and strategic outlook bring further strength to the management team that has already performed well in a difficult market environment. He will play an integral a role in developing Bentec further, driving the business and maximising growth. The new contract win in Belarus is a further sign that the market is at a turning point in terms of demand for world class rigs and components. We see significant opportunities for Bentec going forward, particularly in Russia, the CIS and the MENA region."

Dirk Schulze, new CEO of Bentec GmbH added: "I am very excited at the opportunity to be joining Bentec and the KCA DEUTAG Group at an exciting stage of its development. The drilling industry is undergoing change with the need for more high-quality flexible rigs able to meet new environmental standards and ever more complex exploration and drilling challenges. I am confident my experience from the mining industry will serve the company well as we build on previous success to increase our rig output and open up new markets."

Norbert Gebbeken, Managing Director of Bentec GmbH, said: "This contract win is based upon Bentec's reputation for delivering client-focused solutions and we believe that this new rig will enable Belorusneft to continue their improvement in health, safety and environmental standards and, of course, the effectiveness of their drilling operations. Bentec has an unparalleled reputation in the market for reliability, service, support and the ability to provide solutions for difficult conditions. We provide international standards of quality and we deliver within budget and on time, including eighteen complete rigs between 2007-2009, reflecting our focus on customer requirements."

Source:

http://www.yourprojectnews.com/kca+deutag%E2%80%99s+bentec+appoints+new+ceo+wins+belarus+multi-million+euro+contract_55752.html