SOCAR completes new generation drilling rig construction
Baku, Azerbaijan, May 2
By Maksim Tsurkov – Trend:
Azerbaijan’s state oil company SOCAR has constructed a new generation oil platform in Baku, a source in the country’s oil and gas market, told Trend May 2.
"The construction has been successfully completed,” the source said. “All the necessary tests have been conducted at the platform. The platform was jacked to the Baku Shipyard and it is being prepared for the opening."
Construction of the first new generation drilling rig for SOCAR started in 2013. The new rig is designed for drilling of wells with a depth of up to 8,000 meters at a sea depth of 1,000 meters.
The maximum depth of the Caspian Sea is 1,025 meters.
The work was carried out in the construction site of Azerbaijan’s Caspian Shipyard Company LLC. Caspian Drilling Company Ltd (CDC, 92.44-percent share is owned by SOCAR) is the drilling operator. Contractor of the drilling rig’s construction is Singapore’s Keppel FELS Ltd.
The cost of the project is $1.117 billion. The State Oil Fund of Azerbaijan (SOFAZ) has financed the construction.
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