RIG DESTINED FOP WORKOVERS IN CASPIAN SEA OFF TURKMENISTAN

A U.S. - Australian joint venture is to begin rigging up by mid-May for a multiwell remediation program in the southern Caspian Sea off Turkmenistan. Sundowner Offshore Services Inc., Houston, and Oil Drilling & Exploration Ltd. (OD&E), Sydney, are to work over about 100 wells this year and next under a contract with a 50-50 venture of Larmag Energy Assets Ltd., Bermuda, a unit of Larmag Investment Group, Amsterdam; and Turkmenistan's Chelekenmorneftegas (CMNG) production association,

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