SOCAR and BP-operated AIOC Sign Principles of Agreement on Future Development of the ACG Oil Field in Azerbaijan to 2050
Agreement will lead to further significant investment Current production from ACG is circa 620,000 barrels of oil equivalent per day Will create significant jobs in the years ahead BP will lead the partnership SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating …
ExxonMobil: Closes Azeri Office Linked to Araz-Alov-Sharg Oilfield Projects Due to Delays
U.S. energy company ExxonMobil has closed one of its offices in Azerbaijan, the country’s tax ministry said on Wednesday, the result of a delayed oil project. The office was linked to an oil production project on the Araz-Alov-Sharg oilfields in the Caspian Sea. The project is frozen until a decision …
BP: Production Begins at West Chirag in the Caspian Sea
The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned …