Aker Solutions has won a contract from Caspian Drilling Company Ltd (CDC) to provide a complete topside equipment package for a new semisubmersible drilling rig in Baku, Azerbaijan.
The parties agreed not to disclose the value of the order. Aker has previously delivered drilling equipment to eight drilling rigs operating in the Caspian Sea, two of which are semisubmersible and operated by CDC. Aker Solutions last year opened a new facility in Baku to improve its offering of services in the region.
The equipment will mainly be constructed and assembled at Aker’s facilities in Kristiansand and Asker in Norway, as well as in Erkelenz in Germany.
Installation and commissioning services will be performed by the Caspian Shipyard Company Ltd., where Keppel Fels is the major shareholder. Delivery is scheduled for the fourth quarter of 2016.
Cairn Oil & Gas will drill about 300 development/injection wells and construct 205 well pads to increase production from the Barmer fields.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.