BP Has Started Drilling a Second Production Well at the Azerbaijan’s ACG
British BP, the technical operator of the Azeri–Chirag–Guneshli (ACG) offshore project in Azerbaijan, has begun drilling a second well at the field from the Azeri Central East offshore platform. Oil began to be pumped from the first well in April, now the production volume is 8 thousand barrels, Interfax writes. …
Russian Oil Companies are Looking for Partners in Azerbaijan
Among them are Tatneft and oilfield services companies from Tatarstan. The Baku Energy Week (June 4-6) is taking place in the capital of Azerbaijan. Leading representatives of the oil and gas industry and energy from around the world are participating in it. Large Russian companies have also become active participants …
BP to Send Topsides of New Platform at ACG Block to Sea in June
The dispatch to the sea of the topsides of the Central East Azeri platform at the Azeri-Chirag-Guneshli (ACG) block of fields is scheduled for June, Bakhtiyar Aslanbayli, BP Vice President for Communications and External Relations in the Caspian and Middle East region, said. “The upper blocks have already been loaded …
Azerbaijan Expects to Start Gas Production from Deep Layers of ACG Field Block in 2024 – Ilham Aliyev
Gas production from deep-seated reservoirs (deep-gas) of the Azeri-Chirag-Guneshli (ACG) block of fields is planned by the end of 2024, Azerbaijani President Ilham Aliyev said. “If everything goes according to our plan, then by the end of next year we will have the first gas production (from deep-seated layers of …
Ilham Aliyev Expects for the First Gas From the Caspian Field “Absheron” This Year
Baku is waiting for the first gas from the Absheron field in the Caspian Sea already in 2023, Azerbaijani President Ilham Aliyev said at the fourth international conference on the topic “Formation of the geopolitics of Greater Eurasia: from past to present and future”, which is taking place in Shusha. …
BP Expects to Discover Oil at New Block
BP, a British oil and gas company, conducts seismic surveys in the Caspian Sea to evaluate perspective hydrocarbon structures within the basin. The cooperation with BP continuing since 1992 is of the utmost importance in the development of oil and gas industry in Azerbaijan. Shortly, the company will begin seismic survey …
BP to Ramp Up Azeri Shah Deniz Gas Output, Sees Flat ACG Oil Production
BP plans to ramp up production at Azerbaijan’s Shah Deniz gas field and keep output flat at the Azeri-Chirag-Guneshli (ACG) oilfields this year, a senior regional official at the British oil major said. A BP-led consortium said last week that it produced on average 584,000 barrels per day of oil …
Chevron to Quit Caspian Field
US major Chevron has told Azeri state-run Socar and PB, operator of the Azeri-Chirag-Guneshli block, that it plans to leave this project in order to focus on its other businesses, an Azerbaijan government source told NGW December 5. Reuters cited industrial sources December 4, who said that both Chevron and Exxon Mobil are seeking to sell …
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 …
SOCAR and Ministry of Emergency Situations and Prosecutor General of Azerbaijan Republic Joint Statement on Gunashli Rig Disaster
A sharp change in weather conditions in the country created serious problems in the conduct of offshore oil and gas operations. On December 4th 2015, north wind speed reached 38-40 meters per second whilst the wave height in the open sea was 8 meters and more. In the evening incessant …