BP lets contract for Azerbaijan offshore project

BP Exploration (Caspian Sea) Ltd has let a contract to Turan Drilling & Engineering Company LLC, a joint venture of KCA Deutag and Socar AQS, for the operation and maintenance of seven platform drilling rigs, said Turan Drilling, which was formed in July 2018.

The contract covers work on production-sharing contracts involving East, West, and Central Azeri, Deepwater Gunashli, West Chirag, Chirag, and Shah Deniz installations.

The initial contract, worth US$500 million, is for five years with two one-year extension options.

Socar AQS is an Azerbaijan drilling and well services company which entered into a joint venture with UK oil and gas services company KCA Deutag.

Turan Drilling, based in Baku, has said it will focus on existing and future opportunities in the offshore and onshore Caspian drilling and engineering markets.

Source: Oil & Gas Journal