Socar signs deal to operate in Turkmenistan’s Caspian shelf
BAKU – Azerbaijan’s state oil firm Socar will operate in Turkmenistan’s sector of the Caspian Sea, according to an agreement signed by its trust with a Turkmen energy firm, Socar’s website said.
Under the agreement, inked with Level Oil & Gas Corporation, the Neftgastikinti trust, acting as a subcontractor, will load, reinforce and install a platform on the LAM field. Neftgastikinti will transport and install at the construction site two 200-ton jackets, as well as 400-ton topsides and other facilities. The operations are to be completed over three months.
The project was ordered by Dragon Oil Ltd. and the contractor is Turkey’s ATK Construction Contracting and Trading Co. Ltd.
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