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2026-02-19 21:28:16
[BP Renews Caspian Platform Drilling Rig Operation Contract, Potential Value Exceeds $1 Billion] ⑴ BP announced on Thursday that it has renewed its contract with Turan Drilling Engineering for the operation and maintenance of drilling rigs on Caspian offshore platforms. The contract, effective from March, has an initial term of five years. ⑵ The contract includes three one-year renewal options. BP stated that if all options are exercised, the total contract value could exceed $1 billion. ⑶ This renewal covers BP's core offshore operations in the Caspian region, ensuring the long-term operation and maintenance capabilities of the relevant platform drilling rigs. The Caspian Sea is one of the key regions for BP's global operations. ⑷ The signing of the contract marks a further deepening of BP's partnership with service providers in the region, providing stability for its long-term production operations in the Caspian Sea.
