Satti- Jack-up Rig Puts Out to Sea

Source Press Release
Company KazMunayGasBP Plc.SOCAR 
Tags Upstream Activities, Strategy - Upstream
Date August 09, 2021

An official ceremony took place on 9 August 2021 at the Marine Supply and Logistics Base of Caspian Drilling Company Ltd. (CDC) to mark the launch of Kazakhstan’s first jack-up rig called Satti.

“Today is a historic day for the Kazakh oilfield services market. Working together with such companies as CDC and British Petroleum will not only give us access to the best international practices, but will also position the Kazakh oilfield services market as a competitive operation providing high-quality services that meet the global standards,” said Askhat Duisaliyev, Director of Oilfield Services and Crude Hydrocarbon Utilization Projects Department at JSC NC “KazMunayGas”.

Completed in June 2021, the upgrade of the Satti JUR improved its technical characteristics and made it more competitive. Specifically, the bearing capacity of the rig was increased from 453 to 680 tonnes. At present, the JUR is capable of ensuring effective drilling of oil and gas wells more than 6,000 meters deep. The JUR will be used in the Shallow Water Absheron Peninsula (SWAP) project in the Azerbaijan sector of the Caspian Sea, which is operated by British Petroleum Absheron Limited.

Satti is the first rig built entirely in Kazakhstan in accordance with the global standards. KMG and SOCAR have earlier signed the Memorandum of Understanding and the Joint Operation Agreement, which provides for joint operation of the rig. The JUR is owned by KMG’s subsidiary KMG Drilling & Services LLP, and is operated by CDC.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd