Shah Deniz Celebrates 100 Billion Cubic metres of Total Gas Production
The total gas production from the Shah Deniz field has reached 100 billion cubic meters. The milestone was achieved at the end of December, exactly 12 years after the first announcement of the start-up of commercial gas production from the field and operations of the South Caucasus Pipeline, BP Azerbaijan told …
BP Announces Plans on Drilling New Wells in Azerbaijan for 2019
BP plans to drill four new wells at Azerbaijan’s oil and gas fields in 2019, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend. In particular, he noted that two exploration wells will be drilled in the shallow waters around the Absheron Peninsula [SWAP project], one well at the Shafag-Asiman block …
Major Contract Extension Strengthens Expro’s Position in Azerbaijan
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project. The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project in the …
KCA Deutag: Wins $1bn All Option Contract from BP in Azerbaijan
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded two contracts with BP Exploration (Caspian Sea) Limited (“BP”). These contracts have a combined value of approximately $360m for the initial contract or $1bn including all options. The first contract has been awarded to our …
Statoil: Sells its 20% Stake in the Trans Adriatic Pipeline for EUR 208m
Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This amount is for both Statoil’s shares …
SPE Caspian Technical Conference and Exhibition: Technology and Human Potential Hold the Key
The second SPE Caspian Technical Conference and Exhibition (CTCE), officially got underway today at the Fairmont Hotel in Baku, with over 500 oil and gas professionals from IOCs and NOCs, as well as government representatives, service companies, scientists, and others expected to attend and contribute. Speaking at the opening of …
Maersk Drilling: Heydar Aliyev Rig Wins 5 Year Contract for Shah Deniz
Maersk Drilling has been awarded a 5-year contract extension for the semi-submersible Heydar Aliyev rig with BP Exploration (Shah Deniz) Limited acting as Operator of the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea offshore Azerbaijan. The …
FMC Technologies: Awarded 287m USD Shah Deniz Contract
FMC Technologies, Inc.announced today that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297 million in revenue and is in …
BP Azerbaijan Suspends Operation at Oil Platform in Caspian Sea
BP, the operator of the project of developing the block of oil and gas fields Azeri-Chirag-Guneshli (ACG), has suspended the operation of Western Azeri platform to conduct the maintenance work, BP told Trend May 21. According to the plan, oil production from the platform has been suspended for about 22 …
Statoil Completes Sale of 15.5% Share in Shah Deniz to PETRONAS
On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% …