Baku, Azerbaijan, Feb.21
By Leman Zeynalova – Trend:
Modernization of the self-elevating floating drilling rig (SEFDR) Satti, which has recently been placed under the management of Azerbaijan’s Caspian Drilling Company Ltd (CDC), will start in March this year, a source in the country’s oil and gas market told Trend.
“The modernization will begin approximately in late March. The preparatory work is already underway,” said the source.
The source went on to add that the modernization process of Satti will last for around six months.
“The modernization is aimed at ensuring the ability of the SEFDR to carry out drilling in complex geological conditions in the Azerbaijani sector of the Caspian Sea under high reservoir pressure,” said the source.
Further, the source noted that in the process of modernization, Caspian Drilling Company Ltd. will cooperate with producers of the SEFDR equipment and other service companies.
Taking about the timeframe for Satti’s being under the management of CDC, the source said that the exact timeframe hasn’t been determined and the rig will be used as long as the projects last.
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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