Expro Group: Wins Shah Deniz Subsea Contract
Leading international oilfield services company, Expro, has secured a milestone subsea contract with BP for the Shah Deniz Stage 2 project in the South Caspian Sea, one of Expro’s largest Europe CIS contracts to date. The 5-year contract, worth almost $100m, will see Expro provide completion landing string equipment and …
BP Russia: David Campbell Appointed President
BP announced the appointment of David Campbell as President of BP Russia, reporting directly to Bob Dudley, BP Group Chief Executive. Campbell, who is currently Head of the Group Chief Executive’s Office in London, will be based in Moscow. He has 30 years’ experience in BP, in commercial, technical and …
BP Reaches Administrative Agreement with EPA Resolving Suspension and Debarment
Agreement Clears the Way for BP to Enter Into New Contracts With the Federal Government BP today announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory …
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 …
AMEC Tekfen Azfen Consortium Awarded $974 million Contract by BP for the Shah Deniz 2 Offshore Platforms, Azerbaijan
The AMEC Tekfen Azfen (ATA) consortium has been awarded a contract totalling $974 million for BP-operated Stage 2 development of the Shah Deniz gas field in the Caspian Sea. AMEC will contribute its project and construction management expertise to the consortium. The contract covers the fabrication, load out and offshore …
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) …
BP: Wins Macondo Claims Payout Appeal
BP is extremely pleased with today’s ruling by the U.S. Court of Appeals for the Fifth Circuit setting aside the claims administrator’s interpretation of the business economic loss framework in the settlement agreement BP reached with the Plaintiffs’ Steering Committee last year. Today’s ruling affirms what BP has been saying …
Shah Deniz Major Sales Agreements with European Gas Purchasers Concluded
The Shah Deniz consortium announced today that 25-year sales agreements have been concluded for just over 10 billion cubic metres a year (BCMA) of gas to be produced from the Shah Deniz field in Azerbaijan as a result of the development of Stage 2 of the Shah Deniz project. Nine …
SOCAR Works Out Schedule to Rectify Accident at Bulla-Deniz Field
Under the instruction of SOCAR President, the Commission was set up to eliminate the accident followed by gas show at the exploration well #90 at Bulla-Deniz field. The Commission members are comprised of specialists of SOCAR and the Ministry of Emergency Situations. The 1st session of the Commission was held …
BP Cuts Proven Gas Reserves in the Caspian States
BP PLC revised down its estimates for proved reserves of natural gas in countries in the former Soviet Union by almost a third as it brought the numbers in line with Western accounting standards on reserves, BP Chief Economist Christof Ruehl said Wednesday. Russia’s gas reserves were revised down to …