Azerbaijani company signs contract to participate in BP drilling operations
Azerbaijan, Baku, Sept.17 / Trend /
Hallin Marine has been awarded a five year contract by Dalgidj Private Company ('Dalgidj PC'), for remote operating vehicle (ROV) drilling support services in the Caspian Sea, off the coast of Azerbaijan, Hallin said.
The contract is scheduled to commence in late October this year and is in support of BP's drilling program from fixed platforms in the Caspian Sea.
The contract is split into two parts. For the first two years Hallin will provide two of its Quasar Compact ROVs, complete with specialized tooling and operational personnel, to Dalgidj PC, the Azeri company.
At the end of two years, Hallin will sell the two ROVs at a price already agreed to Dalgidj PC and continue to give technical and project support from onshore Baku, Azerbaijan for a further three years.
The total package of work, including the proceeds from the sale of the ROVs, which at the time of the sale will be five years old, is in excess of US $20 million.
Company Dalgidj PC engaged in diving, underwater engineering work (including underwater welding-cutting) at a depth of 60 meters and works with the UUV systems (unmanned underwater vehicles) at a depth of 1,000 meters in the waters of the Caspian Sea.