BAKU, Azerbaijan, Feb.19. bp as operator of the
Azeri Chirag Gunashli (ACG) oil field and the Shah Deniz gas field
in the Caspian Sea, today announced the renewal of its platform
rigs operations and maintenance contract with Turan Drilling &
Engineering Company LLC, a joint venture between SOCAR AQS and
Helmerich & Payne (H&P) of the United States, Trend reports via
bp.
The renewed contract covers the provision of operations and
maintenance services for eight bp operated offshore oil and gas
production platforms in the Caspian. These include the Central,
East and West Azeri, Deepwater Gunashli, West Chirag, Chirag, ACE
and Shah Deniz Alpha installations. The scope encompasses personnel
support, maintenance execution, spare parts management,
warehousing, and the deployment of a newly established asset
integrity and fabric maintenance engineering team.
The renewed contract has an initial term of five years, with
three one year extension options. Effective March 2026, its total
value could exceed $1 billion, should all option periods be
exercised.
This renewal marks another major contract awarded by bp in the
Caspian region to a company with strong local partnership. It
reinforces the long-standing local capacity development strategy
established by bp and its co venturers as a key commitment from the
outset of their investment in Azerbaijan. The renewed collaboration
also supports bp’s business objective to develop Caspian resources
ever more efficiently and competitively in close cooperation with
SOCAR.
"We are pleased to have renewed our long standing contract with
Turan Drilling & Engineering Company. As a long term safe, reliable
and efficient operator in the Caspian, we welcome this continued
collaboration with a company that combines decades of international
experience, advanced global methods and technology with SOCAR’s
deep knowledge of the Caspian and its leadership in the region’s
drilling industry. bp operates world class platform facilities in
the Caspian as part of its 33 year successful presence in the
region. We believe this contract will help us maintain our
commitment to safe, efficient operations aligned with global
industry standards," said Russell Morrice, bp’s vice president for
wells
bp and its co venturers have a strong, long standing commitment
to Azerbaijan and, for more than 33 years, have been engaged in the
country both economically and culturally.To date, they have
invested more than $89 billion in oil and gas projects and related
areas in Azerbaijan, produced around 4.6 billion barrels of ACG oil
and 264 billion cubic metres of Shah Deniz gas, loaded more than
6,000 tankers at Ceyhan.
These achievements have significantly transformed Azerbaijan’s
energy landscape and contributed to regional development.
Beyond their core business objectives, bp operated projects have
delivered broad benefits to local communities - creating jobs,
generating revenue, supporting economic growth, building
partnerships, developing local businesses, strengthening education
and capacity building, and contributing to cultural and sports
initiatives. To date, bp and its co venturers have invested more
than $115 million in sustainability projects, creating long lasting
positive impact for neighbouring communities.
