KazMunayGas And Eni Will Invest $300 Million in Exploration of The Kazakh Sector of The Caspian Sea
Kazakhstan is intensifying geological exploration of the Caspian Sea, which has not been carried out for the last few years, and has taken the Italian Eni as a partner. KazMunayGas and the Italian Eni plan to explore the Kazakh Caspian shelf for hydrocarbons jointly, reports 24KZ TV channel with reference …
SOCAR Starts Estimating Reserves of 27 Fields in the Caspian According to SPE-PRMS Classification
SOCAR (State Oil Company of Azerbaijan) has started estimating reserves of 27 fields in the Azerbaijani sector of the Caspian Sea according to the SPE-PRMS classification. “Within the framework of cooperation with DeGolyer and MacNaughton, the calculation (reserves -IF) of 27 fields in the Azerbaijani sector of the Caspian Sea …
ADNOC Concludes First Global Gas Deal with Azerbaijan
Abu Dhabi National Oil Company Adnoc has agreed to buy a 30% stake in the Absheron gas field in the Caspian Sea, the state company said in a statement. Azerbaijan’s state oil company Socar and its French partner TotalEnergies SA will sell Abu Dhabi’s national oil company Adnoc a 15% …
TotalEnergies and SOCAR Start Production as Part of the First Phase of the Development of the Absheron Gas Condensate Field in the Caspian Sea
The French company TotalEnergies together with SOCAR (State Oil Company of Azerbaijan) has started production as part of the first phase of the development of the Absheron gas condensate field in the Caspian Sea. “TotalEnergies and its partner in the project, SOCAR, announced the start of production as part of …
LUKOIL Increases its Share in the Shah Deniz Project in the Caspian Sea
PJSC LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. The value of the transaction will amount to $2.25 billion, and the completion is subject to fulfilment of conditions precedent, including approval …
LUKOIL: Enters Exploration Project in Caspian Sea
On 28 September 2021, PJSC LUKOIL signed an agreement on acquiring a 25% participating interest in the Shallow Water Absheron Peninsula (SWAP) exploration project in the Azerbaijan sector of the Caspian Sea from bp. The deal is expected to complete before the end of 2021, following its approval by the …
Aggreko and bp Exploration Agree on Power Supply of Azeri Central East Offshore Platform in Azerbaijan
Aggreko has won bp Exploration’s tender to power the new offshore Azeri Central East platform in the Caspian Sea. In March 2021, Aggreko provided bp with offshore and onshore diesel generation in excess of 8 MW, load stands with a total capacity of 15 MW for testing, air compressors and …
Turkmenistan and Azerbaijan Will Jointly Produce Oil in the Caspian
Turkmenistan and Azerbaijan signed a memorandum on joint exploration, development and development of the Dostluk (Druzhba) field in the Caspian Sea. The documents were signed by the Foreign Ministers of Turkmenistan Rashid Meredov and Azerbaijan, Jeyhun Bayramov. The event was received by videoconference by the head of Turkmenistan, Gurbanguly Berdimuhamedov, …
Uzbekneftegaz, SOCAR Eyeing Joint Oil Production in the Caspian Sea
Uzbekneftegaz and SOCAR are set to explore the opportunities for joint oil production in the Caspian Sea, the Uzbekistan Ministry of Energy said. The First Deputy Minister of Energy of Uzbekistan, Jurabek Mirzamakhmudov and Chairman of Uzbekneftegaz, Bakhodir Sidikov during the talks in Baku with SOCAR President, Rovnag Abdullayev discussed …
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 …