BP and SOCAR Sign Absheron PSA
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is part …
Sakhalin Energy Starts Production Sharing On Sakhalin-2
Production sharing under Sakhalin-2 Project has begun. Starting March this year Russian Federation and Sakhalin Region will receive its share of profit production. “Production sharing began ahead of plan. This is not only a result of favourable market conditions, but first of all result of efforts of the whole company …