Turan Drilling & Engineering, a company jointly owned by KCA Deutag and SOCAR AQS, has announced the acquisition of a contract extension valued at $300 million. This two-year extension, set to take effect in April 2024, covers the provision of offshore drilling operations, maintenance services, procurement, and warehouse management across eight offshore platforms for an existing client in Azerbaijan.

While the client remains unnamed in the announcement, it is noteworthy that Turan Drilling & Engineering's previous contracts have been associated with BP. In April 2019, the company was awarded a $500 million contract by BP for offshore work in Azerbaijan. This contract encompassed operations and maintenance services for seven platform drilling rigs operated by BP in the Caspian Sea, including installations such as East, West, and Central Azeri, Deepwater Gunashli, West Chirag, Chirag, and Shah Deniz.

Furthermore, in August 2020, Turan Drilling & Engineering secured a contract amendment, adding up to an extra $120 million, to manage procurement, maintenance, and warehousing activities on behalf of BP in Azerbaijan.

Turan Drilling & Engineering's portfolio includes platform rigs deployed on Central Azeri, Chirag 1, Deep Water Gunashli, East Azeri, Shah Deniz, West Azeri, and West Chirag platforms.

The contract extension comes after BP's successful installation of the 19,600-tonne topsides for the $6 billion Azeri Central East (ACE) project platform onto a jacket in the Caspian Sea in August 2023, marking significant developments in offshore projects in Azerbaijan.