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Kazakh drilling rig to be towed to Baku in coming weeks

Oil&Gas Materials 15 May 2019 10:06 (UTC +04:00)

Baku, Azerbaijan, May 15

By Leman Zeynalova – Trend:

Kazakhstan’s self-elevating floating drilling rig (SEFDR) Satti, which has recently been placed under the management of Azerbaijan’s Caspian Drilling Company Ltd (CDC), will be towed to Baku in coming weeks, a source in CDC told Trend.

“It is planned to tow JU Satti from Kurik port, Aktau, Kazakhstan to Baku during the first week of June,” said the source.

The source noted that modernization/upgrade of the rig will take then a little over 7 months.

Azerbaijan’s Caspian Drilling Company Ltd and Kazakhstan’s KMG Drilling & Services have recently signed an agreement on trust management of a self-elevating floating drilling rig (SEFDR) Satti.

The contract was signed Feb. 16 as part of a meeting by Chairman of the Board of National Company KazMunayGaz JSC Alik Aydarbayev with President of Azerbaijan’s state oil company SOCAR Rovnag Abdullayev in Astana.

The contract provides for the operation of the SEFDR on projects implemented by the Azerbaijani side.

In particular, the rig will be used on the Absheron structure, which is being developed by BP. As part of cooperation, the rig will be modernized, and this will ensure safe and efficient drilling of exploration wells with a depth of over 6,000 meters.

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Follow the author on Twitter: @Lyaman_Zeyn

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