VOL. XLVI

No 31

04-August-2003

CASPIAN

New Drilling Rig Inaugurated In Azerbaijan

The inauguration of the new semi-submersible Lider drilling rig took place in Baku on 24 July. The rig, which was originally commissioned by Exxon Azerbaijan Operating Company in February 2001 at a cost of $250mn (MEES, 12 February 2001), is owned by Denmarks Maersk Group and was built in Baku at the premises of the Caspian Shipyard Company by Singapores Keppel FELS. Later, Chevron Overseas Petroleum, ConocoPhillips...