Aker Kvaerner to supply drilling package for Caspian Sea News
// July 5, 2002
Aker Kvaerner subsidiary Maritime Hydraulics has announced that its unit in Kristiansand, Norway is to supply a complete drilling package for the development of a large oil and gas field in the Caspian Sea. In total, the order is worth an estimated NOK 120 million. The advanced drilling systems, which will also be prepared for remote operation from shore, will be ready to start operations in 2004.
The contract will consist of a complete package including pipe-handling equipment and drilling machines as well as the advanced computerized control system. Maritime Hydraulics will also contribute engineering services, project management and expertise for testing and start-up of the equipment.
The drilling package forms part of the first phase of the large ACG Full Field Development project, which calls for a combined drilling and production platform. The platform is due to come into operation in 2004. The joint-venture Azerbaijan International Oil Company is responsible for the development.
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