Turan Drilling & Engineering Wins $500 Million BP Contract in Azerbaijan
Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), today announces that it has been awarded its first contract, which is with BP Exploration (Caspian Sea) Limited (“BP”). The contract has a value of approximately $500 million for the firm period or $700 million including all …
LUKOIL continues to develop infrastructure of Caspian fields
LUKOIL continues to develop the infrastructure of its fields in the north of the Caspian Sea. Thus, the company has completed construction of the seventh well at production platform number two of Vladimir Filanovsky field. The newly constructed well has two bores. The drill depth of the main bore is …
Lukoil concludes contract for hydrocarbon exploration and development on Zhenis Block in Kazakhstan
PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …
BP Talks Deep Gas Production at ACG in Azerbaijan
BP is planning to start deep gas production in the Azeri-Chirag-Gunashli (ACG) block located in the Azerbaijani sector of the Caspian Sea. Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend on January 28. He said that deep gas at the ACG …
Kazakhstan Extends Subsoil Use on Caspian Sea for Russia
By Nigar Guliyeva – Trend: President of Kazakhstan Nursultan Nazarbayev and President of Russia Vladimir Putin signed the Additional Protocol to the Protocol to the Agreement between the Republic of Kazakhstan and the Russian Federation on the delineation of the bottom of the northern part of the Caspian Sea in …
Problems and Solutions for Shelf Projects in the Caspian Sea, Black Sea and Sea of Azov
The Russian government views the southern shelf region as a crucial area of hydrocarbon reserves which should be developed in the near future. The offshore production will offset the production decline in the traditional oil and gas producing regions in Western Siberia and the Volga-Urals. However, the development of the …
Caspian’s Future to Outshine its Past
The history of the oil industry in the Caspian Sea is one of the oldest tales known in the Exploration & Production business. Few are those who are not aware of the role that the Caspian holds as the original oil producing centre of the world, with 3,000 producing wells …