Isatay Operating Company
Caspian Sunrise PLC, a Kazakhstan-focused oil & gas exploration and production company, says its bespoke drilling vessel Caspian Explorer wins a tender to drill a deep well in the Caspian Sea, with the formal contract expected to be signed by the end of February. Says the well is scheduled to be drilled in the summer of 2024, to a planned depth of 2,500 meters. The company xpects work to take about two months.
The charter rate is expected to be in excess of USD150,000 per day with all mobilisation and demobilisation costs to be borne by the Isatay Operating Company LLP, a Kazakh registered explorer.