Bank Of Baku

Azerbaijan to construct 4 drilling rigs in amount of $4 bln

Azerbaijan to construct 4 drilling rigs in amount of $4 bln
# 26 November 2012 15:15 (UTC +04:00)

 

 

Baku. Nijat Mustafayev – APA-Economics. Azerbaijan prepares for construction of semi-submersible drilling rigs, said the Vice-President of State Oil company of Azerbaijan Khoshbakht Yusifzade. 

 

According to him, the first semi-submersible drilling rig will be constructed in 2014: “lack of drilling rigs delays exploration works in Absheron and Makchivan fields”. 

 

Note that SOCAR plans to construct 4 semi-submersible drilling rigs and the worth of these rigs will make $4 bln.

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