Baku, Azerbaijan, July 30
By Sara Israfilbayova - Trend:
In order to upgrade a self-elevating floating drilling rig (SEFDR) Satti of Kazakhstan, contracts are being concluded with suppliers of equipment and services, a source in the division of Azerbaijan’s state oil company SOCAR - Caspian Drilling Company told Trend.
The source noted that after the modernization, the drilling rig will be involved in operations in the Shallow Water Absheron Peninsula (SWAP) contract area.
The drilling of the first exploratory well in the shallow waters around the Absheron Peninsula is scheduled to begin by the end of 2019.
In January, heads of SOCAR and KazMunayGas signed a memorandum of understanding that envisages a wide range of potential cooperation between the companies, including possible cooperation in geological exploration in the Caspian Sea, joint exploration of geological and geophysical materials on the exploration of hydrocarbon crude as well as transport and trading.
