Caspian Drilling Company Ltd.
- Ship Managers
Caspian Drilling Company Ltd. (CDC) is a prominent offshore drilling contractor operating in the Caspian Sea region. Established to support the burgeoning oil and gas exploration and production activities in this strategic area, CDC has grown to become a key player in the regional energy sector.
Key Aspects of Caspian Drilling Company Ltd.:
Foundation and Ownership:
- CDC was founded in 1996.
- It is a joint venture, with significant involvement and ownership by the State Oil Company of Azerbaijan Republic (SOCAR). SOCAR is Azerbaijan's national oil company and a major force in the country's energy sector.
Operations and Services:
- The company specializes in providing offshore drilling services, including drilling exploratory and production wells.
- CDC operates a fleet of modern drilling rigs, including semi-submersibles and jack-ups, customized to navigate the unique conditions of the Caspian Sea.
- They offer a range of drilling-related services, such as well logging, casing, and engineering support.
Geographic Focus:
- As the name suggests, CDC primarily operates within the Caspian Sea area, a region known for its significant oil and gas reserves.
- The company has supported major oil fields, including the Azeri-Chirag-Gunashli (ACG) fields, one of the largest in the Caspian Basin.
Technological and Safety Standards:
- CDC is known for adhering to high safety and environmental standards, aiming to minimize the impact of its operations on the Caspian Sea's delicate ecosystem.
- The company leverages advanced drilling technologies and practices to ensure efficiency and safety in operations.
Partnerships and Collaborations:
- Beyond its relationship with SOCAR, CDC collaborates with various international oil companies and service providers, enhancing its operational capabilities and global best practices.
- Partnerships with renowned oil and gas companies have bolstered its technical expertise and access to cutting-edge technologies.
Strategic Importance:
- CDC plays a crucial role in exploiting the hydrocarbon resources of the Caspian Sea, contributing significantly to the regional economy.
- Its operations support Azerbaijan's position as a key player in the global energy market.
Sustainability and Corporate Responsibility:
- The company is committed to sustainable development practices, including investing in local communities and workforce development.
- CDC aims to balance economic growth with environmental stewardship and social responsibility.
Understanding the strategic importance of the Caspian Sea's vast hydrocarbon reserves, CDC continues to expand its capabilities and infrastructure to meet the growing demands of the oil and gas industry. It remains a vital component of the region’s energy landscape, driving technological innovation and sustainable exploration practices.
Ships
ISTIGLAL
Column-stabilised Unit | Flag: Azerbaijan | Port: BAKU
Maritime News
Families of Workers Killed in Baltimore Bridge Tragedy Sue Dali Owner, Operator
The families of the six workers who died in the March collapse of the Francis Scott Key Bridge in Baltimore filed lawsuits on Friday against the owner and operator of the cargo ship that struck the bridge.The lawsuits filed in Maryland federal court by the families of Carlos Daniel Hernandez Estrella, Alejandro Hernandez Fuentes, Miguel Angel Luna, Dorlian Ronial Castillo Cabrera, Maynor Yasir Suazo Sandoval and Jose Mynor Lopez seek unspecified damages from the registered owner of the ship, Grace Ocean Pte Ltd, and its manager, Synergy Marine Group, claiming they negligently allowed the ship to depart Baltimore when they knew it was plagued by mechanical issues.
Containership Dali Leaves US for Chinese Repair Yard
The containership Dali has departed U.S. waters en route to a Chinese repair yard nearly six months after the vessel struck Baltimore's Francis Scott Key Bridge, triggering its deadly collapse.The Singapore-registered ship, which had been moved from Baltimore to Norfolk, Va. in June for initial repairs, will undergo more extensive repair work at a yard in Ningbo, China. Dali departed Norfolk on Thursday without cargo and under escort from the U.S. Coast Guard and a trio of tugboats. The damaged vessels' journey to China is expected to take about 6-7 weeks due speed restrictions.The U.S.
Brokers Launch Port Disruption Insurance Amid Shipping Chaos
Broker Marsh and Lloyd's underwriter Tokio Marine Kiln (TMK) have set up business interruption insurance for ports to provide cover against growing trade disruption risks such as threats to shipping in the Red Sea, executives involved said.Ports across the globe are dealing with multiple issues that are disrupting flows of goods, including attacks by Yemen's Houthis on commercial shipping as well as the risk of strikes at terminals in the United States."Recent geopolitical turmoil has exposed a clear gap in the standard cover available to ports and other cargo facilities.
Antigua-flagged Vessel Damaged in Russian Attack
A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday.Four people were wounded in the airstrike, Governor Oleh Kiper said on the Telegram messaging app."Debris from, according to preliminary assessment, an Iskander-M missile, damaged port and civilian infrastructure, as well as a civilian ship flying the flag of Antigua," Kiper said.The Iskander-M is a ballistic missile which flies at several times the speed of sound and has a stated range of up to 500 km (310 miles).A market source, speaking on condition of anonymity, told Reuters the vessel was carrying metal products.
Crewmember Goes Missing From Canadian Coast Guard Vessel
The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on Sunday evening, was reported missing at 8:15 a.m. on Monday when the vessel arrived in St. John's.An "extensive" search involving Canadian Coast Guard vessels, aircraft and vessels from other federal sources was launched but proved unsuccessful. The decision to end the search was made Tuesday afternoon"We are devastated to confirm that one of our own employees has been lost at sea.