Aberdeen-based drilling and engineering group KCA Deutag has won contracts in the Caspian Sea with oil giant BP worth a total potential value of $1 billion (£670 million).
KCA Deutag said the two contracts have a combined value of $360m for the initial agreement, with various extension options.
The first contract has been awarded to the group’s offshore division, and is for the operations and maintenance of seven BP platforms in the Caspian Sea.
These are the East, West and central Azeri; Deepwater Gunashli; West Chirag; Chirag; and Shah Deniz installations. The initial term is for three years with two three-year extension options.
The second contract has gone to RDS, KCA Deutag’s engineering and design specialist, and is for engineering support services on all drilling packages for projects in the Caspian Sea that are operated by BP from the Azerbaijan, Georgia and Turkey regions.