Caspian Technical Services (CTS) is the Group’s wholly owned drilling company which undertakes all drilling work on the Group assets.
CTS has approximately 150 contractors and owns 4 rigs and associated equipment which allow 4 wells to be drilled simultaneously.
CTS reduces the drilling costs on the Group’s assets and provides operational flexibility not available when relying on third party contractors.
Looking to the future, CTS would also able to allow the Group to farm into third party assets in return for fulfilling work programme drilling commitments.