Turan Drilling & Engineering Company LLC announced that it has been awarded a contract amendment to manage procurement, maintenance, and warehousing activities on behalf of BP Exploration (Caspian Sea)Limited(BP).
The agreement means Turan Drilling & Engineering JV will manage the SAP maintenance system, wells procurement activity, inventory, storage, and warehousing for the BP Global Wells Organisation in Azerbaijan.
The amendment has a value of up to USD 120M and applies to the contract awarded by BP to Turan Drilling & Engineering in 2019 for the operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea pursuant to Product Sharing Agreements. These are the East, West and Central Azeri, Deepwater Gunashli, West Chirag, Chirag, and Shah Deniz installations. The initial term is for five years with two one-year extension options.