Oil Company to Assess Equipment to be Installed in Drilling Rig in Azerbaijan
Azerbaijan, Baku / corr. Trend S. Aliyev/ The representatives of the Timon Oil and Gas PLS oil compay will visit Baku to asses the equipment that will be installed in the Khazar drilling rig. The drilling rig which belongs to the State Oil Company of Azerbaijan (SOCAR), will be used by Timon Oil for the exploratory boring in the Caspian, SOCAR said. The contract on the exploitation will be signed after the assessment.
The companies reached preliminary agreement earlier to modernize the equipment in the self-lifting Khazar drilling rig.
SOCAR plans to supply rigging to Geotermneftgas 80% of which belongs to Timan Oil and Gas PLS. The company needs the rigging for the exploratory boring in bloc #2 in the Russian sector in the contract field of Izerbash.
Timan Oil and Gas PLS is an independent oil and gas, exploratory and producer company possessing assets in Timan-Pechor region of Caspian Sea.