SOCAR May Change Contractor for Repair of Wells on Large Offshore Field
Azerbaijan, Baku / corr Trend S.Aliyev / The State Oil Company of Azerbaijan (SOCAR) is considering the possibility of attracting Azeri Drilling Company Limited joint venture to the repair of wells in the shallow part of Gunashli field, a source stated at SOCAR. Currently this work is implemented by Nobel oil, but the period of its contract with SOCAR will end in the near future.
The founders of "Azeri Drilling Company Ltd." JV are SOCAR (35 %), "Target Petroleum Azerbaijan Corporation", registered in Panama (35 %), and "First Drilling Limited" of Scotland (30%).
The Enterprise is engaged in drilling oil and gas wells, including horizontal and special drilling, cementing and fortifying wells, development, overhaul and underground repair activities, geophysical research and perforation activities.
The key task of the JV is to carry out drilling work on '8 Mart' and Bulla Daniz fields with advanced jackets. There are plans to drill approximately eight wells with depths of 6,500m. At present urgent work is being carried out on '8 Mart' to repair three platforms (No 730, No 759 and No 578).