| Azerbaijan’s state oil fund has issued $718.6 million to fund construction of a new generation floating drilling rig in Azerbaijan since the project launch. The Fund told Trend that $22.6 million was issued for the project in the first quarter of 2016.
The project cost hits $1,117 billion. The drilling operator is "Caspian Drilling Company" (CDC), in which SOCAR owns 92.44-percent share. The Singaporean Keppel FELS Limited was chosen as the contractor of the drilling rig's construction...............................................Full Article: Source
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