In the next five years to begin developing offshore fields in Azerbaijan it is necessary to build four drilling rigs, said the head of the State Oil Company of Azerbaijan (SOCAR), Rovnag Abdullayev.
"At present, negotiations are nearing completion on the construction of drilling rigs, and it is expected that the practical construction will begin in late 2012 - early 2013," said Abdullayev on Thursday.
The contract will be concluded with companies KepPel Fels, Boss Shelf and Caspian Shipyard under operatorship of KepPel Fels, he said. Cost of the construction of drilling rigs will be about USD 4bn.
These rigs, Abdullayev said are needed to drill wells in Babak and Absheron fields. In addition, the rigs will be necessary to drill wells in Shah Deniz field.
Construction of the second rig is scheduled to begin together with the construction of the first.
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