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Founded by State Oil Company of Azerbaijan Republic in 1996.1
Private 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.
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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
Founded by State Oil Company of Azerbaijan Republic in 1996.1
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