 | 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 TurkeyAtaturk center to be set up
PARLIAMENT NEWSStatus of servicemen being amended
ECONOMICSItochu grosses another oil profitChemical output down with remainder unchangedConoco to assume 16% of drilling facility expensesRetail turnover boom owes physical entitiesPrivate sector employs two-thirds of able-bodied peopleSome economic entities of Railway Office to be liquidated
HEALTHCenter for the speech and hearing impaired lacks funding
SPORTAzeri sportsman preparing for cycle race
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