Equinor invests in new platform in Azerbaijan
The investment decision follows an agreement with the Government of Azerbaijan to extend the life of the ACG field until 2049. The new platform, called ACE (Azeri-Central-East), will be integrated with existing infrastructure. It is designed to process up to 100,000 barrels of oil per day and expected to produce …
BP Announces Plans on Drilling New Wells in Azerbaijan for 2019
BP plans to drill four new wells at Azerbaijan’s oil and gas fields in 2019, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend. In particular, he noted that two exploration wells will be drilled in the shallow waters around the Absheron Peninsula [SWAP project], one well at the Shafag-Asiman block …
Major Contract Extension Strengthens Expro’s Position in Azerbaijan
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project. The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project in the …
Caspian Oil and Gas: High Hopes for a Tough Neighborhood
Azerbaijan has long been seen as a strategic gateway to vast oil and gas resources in the Caspian region and a source of energy security for Europe but has yet to live up to its promise as a bulwark against the influence of Russia and OPEC in the region. Oil …
Igor Sechin Made a Working Visit to Azerbaijan
Igor Sechin made a working trip to Azerbaijan. In the course of the visit the Head of Rosneft met with SOCAR’s chief Rovnag Abdullaev. The parties discussed the execution of joint projects in the area of oil production and refining in Russia and Azerbaijan. Afterwards Rosneft head and SOCAR President …
Shah Deniz Final Investment Decision Paves Way for Southern Corridor Gas Link with Europe
The Shah Deniz consortium today announced the final investment decision (FID) for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) …
Keppel O and M to Build Semi-Submersible Worth About US$800 million for Azerbaijan
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR), to build a semisubmersible drilling rig, …
BP Attempts to Sooth SOCAR and Azeri Ire
BP Plc Chief Executive Officer Bob Dudley agreed to work closely with the State Oil Co. of Azerbaijan at a Caspian Sea oil field where Azeri President Ilham Aliyev blamed the U.K. producer for declining output, reported Zulfugar Agayev. Dudley met with Rovnaq Abdullayev, the CEO of Socar, as the …
Socar, Total and GDF Suez: Absheron Discovery is Commercial
A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar – Total – GDF Suez by operator Total E&P Absheron. This step is an important milestone in the frame work of the Agreement on Exploration, Development and Production …