Azerbaijan allocates 236.44 million mantas for construction of offshore drilling rig of new generation
Edited by Rhod Mackenzie / 2014-07-29 12:45:00
Azerbaijan has allocated 236.440 million manats from the State Oil Fund of Azerbaijan for the construction of n offshore drilling rig of new generation, the Trend reports.
The project's cost is $1 116.7 million. The State Fund owns 90% of interest participation in Azerbaijan Rigs, created for the construction of the new platform. The remaining 10% of the company belong to SOCAR.
The first rig of the new generation will be built for the needs of SOCAR. The operator will be Caspian Drilling Company (CDC), 92.44% in which belong to SOCAR.
