The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
SOCAR: Signs MOU with BP for Block D230 in the North Absheron Basin
SOCAR and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in block D230 in the North Absheron Basin in the Azerbaijan sector of the Caspian Sea. On this occasion, the companies made following announcement:As part of the government’s plan to ensure that all of Azerbaijan’s offshore …
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 …
Rosneft and SOCAR Signed a Joint-Venture Agreement
Rosneft President, Chairman of the Management Board Igor Sechin and President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev signed a joint venture agreement in the course of St. Petersburg International Economic Forum. The agreement provides for oil and gas exploration and production projects in different …
Gazprom and SOCAR Developing Strategic Relationships
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The meeting addressed the status of cooperation in the energy sector, particularly focusing on the terms and conditions of natural gas supplies from Azerbaijan to Russia. The participants …
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) …
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 …
Shah Deniz targets Italian and Southeastern European gas markets through Trans Adriatic Pipeline
The Shah Deniz consortium announced today that it has selected the Trans Adriatic Pipeline (TAP) to deliver gas volumes from the Shah Deniz stage 2 project to customers in Greece, Italy and Southeast Europe. This is an important milestone in the Shah Deniz consortium’s multi-phased approach to the opening of …
Keppel O and M to Build Semi-Submersible Worth About US$800 million for Azerbaijan
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiaries Caspian Rigbuilders BV (an affiliated company of Keppel FELS) and Caspian Shipyard Company (CSC), has secured a contract from Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR), to build a semisubmersible drilling rig, …
Shah Deniz Selects a Second Export Route Option to Europe
The Shah Deniz consortium has now concluded its evaluation of potential gas export routes towards South East and Central Europe. The Nabucco West project with a route running from the Turkish-Bulgarian border to Baumgarten has been selected as the single pipeline option for the potential export of Shah Deniz Stage …