Bauer Group announced the sale of its first deep-drilling rig type TBA 300. The rig developed and manufactured by the group company Bauer Maschinen GmbH, has been bought by a Venezuelan oil-drilling company. The TBA 300 is an electro-hydraulic drilling rig with a 300-tonne hook load capacity. It is designed for oil, gas and water exploration, as well as for deep geothermal energy extraction. "In developing the deep-drilling rigs, we have applied our know-how in the manufacture of drilling rigs for specialist foundation engineering to the deep-drilling sector," explains Prof Thomas Bauer, Chairman of Management Board, BAUER AG. This deep-drilling rig with its modular design and hydraulic components, features a kine-matic control system which permits rapid erection and dis-mantling. The system also enables fast transfer of the large rig from one drilling point to the next.