In the coming several months SOCAR will start construction of a new generation of semi-submersible drilling rig, a source from SOCAR told Turan.
SOCAR will act as the customer and the works will be carried out by the US company, which name will be disclosed after signing of a commercial contract.
The drilling rig will be able to carry out drilling on the sea depth of 1000 meters, which means almost any point of the Caspian Sea, and drill the wells up to 8000 meters deep. The drilling rig is also designed to withstand abnormally high pressure on big depth.
The new drilling rig will be ready to operation by mid-2015 and will be used to drill the second exploration well on the Absheron contract area operated by French Total company.-0-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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