Azerbaijan: a 30 million dollar contract for a gas lift on an oil rig.

CIFAL provided business support for the company PT Istana Karang Laut (IKL), which obtained an EPS contract for a gas lift (gas compression and injection station for boreholes).

This equipment will be installed on a rig in the Guneshli oilfield in the Caspian Sea, operated by SOCAR, the State-owned Azerbaijani oil company.

The project is scheduled for completion in summer 2013.