Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Socar Plans to Build Four Offshore Drilling Rigs for $4 Billion

State Oil Co. of Azerbaijan, also known as Socar, plans to build four floating drilling rigs in the next seven years at a total cost of $4 billion.

The rigs will have a capacity to drill for oil and natural gas in the Caspian Sea at a depth of 1,000 meters (3,281 feet), Socar President Rovnaq Abdullayev told reporters today in the Azeri capital, Baku.

As many as 15,000 people will be involved in the construction of the rigs, he said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.