Private company

Caspian Drilling Company

Azerbaijan-based drilling company

Caspian Drilling Company is an international drilling company based in Baku, Azerbaijan. It was founded in 1996 by State Oil Company of Azerbaijan Republic (SOCAR) and Santa Fe Inc. of US to conduct drilling services for many PSA agreements in Azerbaijan. SOCAR controlled 55% while Santa Fe held the remaining 45% of the stake.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1996Founded1

Caspian Drilling Company is an international drilling company based in Baku, Azerbaijan. It was founded in 1996 by State Oil Company of Azerbaijan Republic (SOCAR) and Santa Fe Inc. of US to conduct drilling services for many PSA agreements in Azerbaijan. SOCAR controlled 55% while Santa Fe held the remaining 45% of the stake.2

The story

Founded by State Oil Company of Azerbaijan Republic in 1996.1

Timeline

  1. 1996Founded Founded1

Sources

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