Turan Drilling & Engineering has been granted a contract extension for its offshore drilling operations and maintenance services in Azerbaijan. The extension is valued at US$300m.
The extension is valid from April 2024 for the period of two years. It determines that Turan Drilling & Engineering will continue to deliver drilling operations and maintenance as well as procurement and warehouse management services across eight offshore platforms for an existing customer in the country.
Turan Drilling & Engineering is a joint venture formed by KCA Deutag and SOCAR AQS in 2018.
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