SOCAR-AQS wins tender for drilling of wells in Bangladesh

26 July 2018 13:09 (UTC+04:00)

By  Trend

Azerbaijani state company SOCAR-AQS has won a tender for implementation of drilling work in Bangladesh, CEO of the company Ramin Isayev said at an event dedicated to the signing of a joint venture agreement with KCA Deutag.

"The work is continuing successfully. We have already completed the first two phases of the work. There remain 45-50 days until its full completion," Isayev said.

The cost of the project is about $35 million, he added.

SOCAR-AQS LLC was established in 2007 by SOCAR and Absheron Drilling as a joint venture providing integrated drilling and well servicing operations.

The company is currently conducting drilling at the Gunashli, Western Absheron, Umid and Bulla Deniz fields.

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