BP Exploration (Caspian Sea) Ltd. has let a contract to Turan Drilling & Engineering Co. LLC, a joint venture of KCA Deutag and Socar AQS, for the operation and maintenance of seven platform drilling rigs, said Turan Drilling, which was formed in July 2018.
The contract covers work on production-sharing contracts involving East, West, and Central Azeri, Deepwater Gunashli, West Chirag, Chirag, and Shah Deniz installations.
The initial contract, worth $500 million, is for 5 years with two 1-year extension options.