Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company) was awarded a contract amendment to manage procurement, maintenance and warehousing activities on behalf of BP Exploration in the Caspian Sea, drilling and engineering contractor, KCA Deutag, announced in a recent statement.
The agreement, effective from June 15, 2020, means that Turan Drilling & Engineering JV will manage the SAP plant maintenance system, wells procurement activity, inventory, storage and warehousing for the BP Global Wells Organization in Azerbaijan.
Turan Drilling & Engineering has employed an additional 71 people to support this activity, 69 of whom are Azerbaijani nationals.
"The amendment has a value of up to US$120 million and applies to the contract awarded by BP to Turan Drilling & Engineering in 2019 for the operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea pursuant to Product Sharing Agreements," the company stated.
These rigs are located in the East, West and Central Azeri, Deepwater Gunashli, West Chirag, Chirag and in the Shah Deniz installations.
The initial contract term is for five years with two one-year extension options.
Commenting on the development, Bob Petrie, general director of Turan Drilling & Engineering said, "this shows our ability to offer value at, and beyond the rig site, providing solutions for customers across their operations.”
By Gulsen Cagatay