BP and SOCAR Plan a New Stage of Exploration Work on the Shafag-Asiman Structure in the Caspian
BP has completed the interpretation of exploratory drilling data on the prospective Shafag-Asiman structure in the Azerbaijani sector of the Caspian Sea, BP-Azerbaijan told Interfax-Azerbaijan. “Analysis of the results of drilling the first exploratory well SAX01 and their interpretation were completed in the first half of this year. At present, …
Emirati ADNOC Acquires 30% Stake in Absheron Gas Condensate Field Development Project – SOCAR
Emirati ADNOC acquires 30% stake in Absheron gas condensate field development project – SOCAR The Abu Dhabi National Oil Company (ADNOC) has become a shareholder in the project to develop the Absheron gas condensate field in the Caspian Sea, having bought 15% of the shares from SOCAR (State Oil Company …
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 …
Gazprom and SOCAR Discuss Relevant Matters of Cooperation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rovshan Najaf, President of the State Oil Company of the Azerbaijan Republic (SOCAR), took place today at the St. Petersburg International Economic Forum 2023. The parties discussed the current issues of their cooperation, in particular, those pertaining to gas supplies, and reviewed the prospects for …
Geosplit Took Part in Caspian Oil and Gas 2023 Expo
The 28th International Exhibition and Conference “Oil and Gas of the Caspian Sea” has ended in Baku, bringing together more than 7,500 participants from 38 countries of the world. As part of the exhibition program, 331 companies presented the latest developments for the oil and gas industry. In Azerbaijan, the …
Gas Production in Azerbaijan to Increase by 7% in 2023-2026
The international rating agency S&P Global Ratings predicts a decline in oil production in Azerbaijan by about 7% in 2023-2026. “Although oil prices were favorable, Azerbaijan’s production continued to decline. Azerbaijan is one of the oldest oil producers in the world, having started commercial production in the 19th century. Existing …
BP to Send Topsides of New Platform at ACG Block to Sea in June
The dispatch to the sea of the topsides of the Central East Azeri platform at the Azeri-Chirag-Guneshli (ACG) block of fields is scheduled for June, Bakhtiyar Aslanbayli, BP Vice President for Communications and External Relations in the Caspian and Middle East region, said. “The upper blocks have already been loaded …
BP Expects to Complete Drilling of a New Exploration Well in Shah Deniz by 2024
By the end of 2023, BP plans to complete drilling of a new exploration well “SDX-8” at the Shah Deniz field in the Azerbaijani sector of the Caspian Sea. “This exploratory drilling program at Shah Deniz is designed for 12 months. The well is being drilled from the previously undeveloped …
Azerbaijan Expects to Start Gas Production from Deep Layers of ACG Field Block in 2024 – Ilham Aliyev
Gas production from deep-seated reservoirs (deep-gas) of the Azeri-Chirag-Guneshli (ACG) block of fields is planned by the end of 2024, Azerbaijani President Ilham Aliyev said. “If everything goes according to our plan, then by the end of next year we will have the first gas production (from deep-seated layers of …
Ilham Aliyev Expects for the First Gas From the Caspian Field “Absheron” This Year
Baku is waiting for the first gas from the Absheron field in the Caspian Sea already in 2023, Azerbaijani President Ilham Aliyev said at the fourth international conference on the topic “Formation of the geopolitics of Greater Eurasia: from past to present and future”, which is taking place in Shusha. …