bp renews Caspian Sea contract with TURAN

BP has renewed a 5-year offshore operations and maintenance contract for work supporting eight offshore platforms in the Caspian Sea.

Feb. 19, 2026

2 min read

bp plc has renewed a contract with Turan Drilling and Engineering Co. LLC (TURAN), a joint venture with Helmerich & Payne (H&P), for work in the Caspian Sea, offshore Azerbaijan.

The offshore operations and maintenance contract renewal has a firm duration of 5 years, with three 1-year extension options, and is effective March 2026. If all option periods are exercised, the contract value could exceed $1 billion, Turan said in a release Feb. 19.

Under the agreement, TURAN will provide operations and maintenance services for eight offshore platforms, delivering a service scope that covers personnel, maintenance execution, spare parts, warehousing, and the deployment of an asset integrity and fabric maintenance engineering team.

bp's oil and gas projects in Azerbaijan

bp has been active in Azerbaijan for 33 years. It led the development of Azeri-Chirag-Deepwater Gunashli (ACG) oil field, Shah Deniz gas field, and the major Sangachal processing and export terminal, all three of which it also operates. bp was also a lead in the development of the associated export pipelines, the Baku-Tblisi-Ceyhan (BTC) oil pipeline and the Southern Gas Corridor (SGC) gas pipeline network.

Last year, bp and partners approved the next phase of development of Shah Deniz field. The $2.9-billion Shah Deniz Compression project—the field’s third phase of development—is designed to access and produce low pressure gas resources from the field, increasing resource recovery and extending production life, the operator said in June 2025.

The project, which will include installation of a new unmanned compression platform, is expected to allow production of an additional gross 50 billion cu m of gas and 25 million bbl of condensate. The project is expected to receive first gas in 2029.