Total and SOCAR are about agreement on drilling rig for Absheron field

French Total and Azerbaijani state-owned company SOCAR are close to completing negotiations on attracting a new generation drilling rig for work at the gas field Absheron in the Azerbaijani sector of the Caspian Sea, a source in the company Total E & P Azerbaijan reports.

"Total hopes for a soon conclusion of the negotiations, given that the rig will be ready by the end of 2016, but it depends on both sides. At present, this issue is being actively discussed. The parties have made progress in the negotiations and are close to the final agreement. It is expected that the final agreement will be reached in the next few weeks,"- said the source.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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