Active in Azerbaijan since 1995, Tekfen Construction undertook two other vital projects during the last week of December as part of the Shah Deniz Phase 2 Investments.
ATA Consortium (AMEC-Tekfen-Azfen) signed an agreement with BP Exploration (Shah Deniz) and undertook the construction, installation, and delivery of two offshore platforms and their connection bridges, weighing a total of 26,442 tons. The estimated budget of the project is USD975 million, and together with its share in Azfen, Tekfens portion will amount to approximately USD496 million.
In addition, Azfen-Tekfen Consortium signed another contract with BP Exploration (Shah Deniz), undertaking the construction and installation work of the Sangachal Terminal that is part of Shah Deniz Phase 2. The estimated budget of the project is USD1 billion, and together with its share in Azfen, Tekfens portion will amount to approximately USD621 million.
Shah Deniz Phase 2 Investments have been expected for a long time, and have accelerated towards the end of the year; as a result, Tekfen Construction has signed USD1.117 billion worth of new business, raising the existing volume of its business in the country to USD1.6 billion.
Tekfen has played a major role as one of the subcontractors within the BTC Crude Oil Pipeline Project known as the project of the century, by successfully completing the Sangachal Terminal - the starting point of the pipeline in Azerbaijan - as well as the land and sea terminals in Ceyhan, the end point of the pipeline in Turkey. Tekfen has also completed the construction of three platforms currently operating in the Caspian Sea.