Keppel, Socar, Lukoil JV yard files for liquidation

Azerbaijan’s Caspian Shipyard Company (CSC), a joint venture between Keppel, Socar, and Lukoil, has filed for liquidation.

The company was established in Baku in 1997, through a partnership between Singapore’s rig building specialist Keppel Fels, Azeri national oil company Socar, and Russia’s largest independent oil company Lukoil.

Keppel said on Friday that Caspian Shipyard Company had started „a members’ voluntary liquidation following the expiration of the establishment agreement dated 26 August 1997.”

Under the 1997 agreement, Keppel via its subsidiary AzerFels held 75%,Socar 20%, and Lukoil 20% stake in the shipyard.

The shipyard was formed to build and maintain various types of vessels and installations for the country’s offshore oil and gas industry.

Over the years, CSC constructed first in-country-built semisubmersible rig (Heydar Aliyev), jack-up rig (Transocean’s Gurtulush), and ice-class Floating Storage and Offloading vessel (Lukoil’s Yuri Korchargin).

Offshore Energy Today has reached out to Caspian Shipyard company, seeking more info on the liquidation.

We will update the article if we receive a response.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply