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 | Conoco to assume 16% of drilling facility expenses |
Conoco Azerbaijan has assumed 16% of the expenses for construction of a semi-submersible drilling rig. The facility is to be used for exploratory drilling operations in the “Zafar-Mashal” contract area. Conoco is one of the partners of the project.
Operating the “Zafar-Mashal” contract, Exxon-Mobil concluded an agreement with Maersk Contractors for constructing the rig, which is designed to drill to the depth of 9,140 meters working in 1,000 meters of water. The rig is to be built for three years.*
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Issue: March, 10, 2001
OFFICIAL INFORMATION
President Aliyev to visit Turkey

Ataturk center to be set up

PARLIAMENT NEWS
Status of servicemen being amended

ECONOMICS
Itochu grosses another oil profit

Chemical output down with remainder unchanged

Conoco to assume 16% of drilling facility expenses

Retail turnover boom owes physical entities

Private sector employs two-thirds of able-bodied people

Some economic entities of Railway Office to be liquidated

HEALTH
Center for the speech and hearing impaired lacks funding

SPORT
Azeri sportsman preparing for cycle race


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