Supermajor BP has extended platform and rig operations and maintenance contract with Turan Drilling & Engineering Company on the Azeri Chirag Gunashli (ACG) oil field and the Shah Deniz gas field in the Caspian Sea.
Turan Drilling & Engineering Company is a joint venture between SOCAR and US-based Helmerich & Payne.
The renewed contract covers operations and maintenance services for eight BP-operated offshore oil and gas production platforms in the Caspian.
These include the Central, East, and West Azeri, Deepwater Gunashli, West Chirag, Chirag, ACE, and Shah Deniz Alpha installations.
The scope encompasses personnel support, maintenance execution, spare parts management, warehousing, and the deployment of a newly established asset integrity and fabric maintenance engineering team.
The contract extension is for an initial term of five years, with three further one-year options. The extension, valued at over $1bn if all options are exercised, will begin in March 2026.
“We believe this contract will help us maintain our commitment to safe, efficient operations aligned with global industry standards,” said Russell Morrice, BP’s VP for wells.
BP has produced around 4.6bn barrels of ACG oil and 264bn cu m of Shah Deniz gas and loaded more than 6,000 tankers at Ceyhan.
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