British-Arabian Dragon Oil company has concluded a contract with BKE Shelf Ltd, daughter company of Eurasia Drilling Company, to rent two self-lifting semi-submersible drilling rigs Neptune and Mercury within three years.
Dragon Oil, which has been extracting hydrocarbons in Turkmenistan on the basis of production sharing agreement (PSA) concluded with the Turkmenistan government in 1999, will use the rigs to drill wells on the contract area Cheleken in the Turkmenistan sector of the Caspian Sea. Cheleken includes two big fields –Ceytun (former LAM) and Jigalybek (former Banka Zhdanova).
Neptune drilling rig will work on the Cheleken nine months since quarter 4, 2013 and then Mercury drilling rig will continue the works.
Dragon Oil company’s headquarter is based in Dubai, it was registered in Ireland and its bloc of shares is owned by Emirates National Oil Co Ltd.
During 6 months, 2013 Dragon Oil received a net profit of $241.4 million. Hydrocarbons production increased up to 73,600 barrels a day against the same period in 2012, reported http://oilnews.kz.--0--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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