H&P joint venture Turan wins bp Caspian Sea offshore O&M contract renewal

Reuters

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H&P joint venture Turan wins bp Caspian Sea offshore O&M contract renewal

Turan Drilling and Engineering Company LLC, a joint venture with Helmerich & Payne, has been awarded a long-term offshore operations and maintenance contract renewal by bp for offshore Azerbaijan in the Caspian Sea. The contract has a firm term of five years effective March 2026, with three one-year extension options; if all options are exercised, the contract value could exceed $1 billion. TURAN will provide operations and maintenance services for eight offshore platforms, including personnel, maintenance execution, spare parts, warehousing, and an asset integrity and fabric maintenance engineering team.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. H&P - Helmerich & Payne Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602190907BIZWIRE_USPR_____20260219_BW951101) on February 19, 2026, and is solely responsible for the information contained therein.

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