UK company talks about main functions of JV with SOCAR-AQS (Exclusive)
Baku, Azerbaijan, Oct.26
By Leman Zeynalova – Trend:
Turan Drilling & Engineering, the joint venture created by Azerbaijan’s SOCAR AQS drilling enterprise and the UK-based KCA Deutag will target existing and future opportunities in the offshore and onshore Caspian drilling and engineering market, KCA Deutag told Trend.
“The company will focus its business development activities on the provision of oil and gas well drilling and engineering services,” said the company.
The vision is that the JV will look to operate throughout the Caspian region, according to KCA Deutag.
“Turan Drilling & Engineering will create an excellent platform for KCA Deutag and SOCAR AQS to work together to grow our operations in Azerbaijan, combining KCA Deutag’s expertise as one of the world’s leading drilling and engineering contractors with SOCAR AQS’s unrivalled knowledge, experience and infrastructure in the Caspian region,” said the company.
SOCAR AQS drilling enterprise and KCA Deutag international oil service company established a Turan Drilling and Engineering joint venture in Azerbaijan in July 2018.
KCA Deutag has been working in Azerbaijan for more than 20 years. The company is headquartered in Aberdeen, United Kingdom.
KCA Deutag has a valid contract with BP, which is the operator of the Azerbaijani offshore fields Azeri-Chirag-Gunashli and Shah Deniz. The contract provides for drilling operations and maintenance on seven platforms of BP at the fields of Central Azeri, East Azeri, West Azeri, Chirag and West Chirag, the deep water section of the Gunashli field and gas condensate field Shah Deniz.
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