Baku, Azerbaijan, July 26
By Ilkin Shafiyev - Trend:
Azerbaijani state company SOCAR-AQS has won a tender for implementation of drilling work in Bangladesh, CEO of the company Ramin Isayev said at an event dedicated to the signing of a joint venture agreement with KCA Deutag.
"The work is continuing successfully. We have already completed the first two phases of the work. There remain 45-50 days until its full completion," Isayev said.
The cost of the project is about $35 million, he added.
SOCAR-AQS LLC was established in 2007 by SOCAR and Absheron Drilling as a joint venture providing integrated drilling and well servicing operations.
The company is currently conducting drilling at the Gunashli, Western Absheron, Umid and Bulla Deniz fields.