Turan wins bp contract renewal for Caspian platforms

Turan Drilling & Engineering, a joint venture (JV) between SOCAR AQS and Helmerich & Payne, has secured the renewal of a long-term contract from bp for offshore operations and maintenance (O&M) in the Caspian Sea off the coast of Azerbaijan. The renewed agreement spans a firm period of five years, with the possibility of three additional one-year extensions. It is scheduled to begin in March 2026. The contract value could exceed $1bn (£742.39m) if all extension options are utilised. Helmerich & Payne o ...