SOCAR Registers Two Companies to Develop New Fields in Caspian
Azerbaijan’s state oil company SOCAR registered two companies established jointly with foreign partners for the development of two new fields in the Caspian Sea, Azerbaijan’s Taxes Ministry said in a message posted on its website. The Azerbaijani branches of SOCAR Absheron, established jointly with France’s Total to develop the Absheron …
SOCAR and BP Sign New Production Sharing Agreement for Azerbaijan Exploration
New deal to explore new Caspian opportunities Potential to support Azerbaijan’s long-term production SOCAR and BP today signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. The PSA was signed …
KBR Joint Venture Wins FEED Contract for Absheron Gas Field in Azerbaijan
KBR and State Oil Company of Azerbaijan (SOCAR) joint venture, SOCAR-KBR Limited Liability Company (SKLLC), has received a contract from undisclosed customer to build the topsides for first development phase of the Absheron gas and condensate field offshore Azerbaijan. Located approximately 100km south of Baku, Azerbaijan, in the Caspian Sea, …
CTCE Baku Review
Caspian Annual Technical Conference and Exhibition of the SPE (Society of Petroleum Engineers) after three intense days successfully completed in Baku, Azerbaijan. More than 550 oil and gas professionals from 21 countries attended the event. Delegates from 78 countries from around the world, including Azerbaijan, Russia, Kazakhstan, Turkmenistan, and many …
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 for the Eurasia Project
Azerbaijan’s state oil company SOCAR, along with other interested companies, signed a memorandum of understanding (MoU) on implementation of the Eurasia project, which envisages development of the Caspian Depression in Kazakhstan. The memorandum was also signed by KMG Eurasia LLP, Agip Caspian Sea B.V., RN-Exploration LLC, CNPC International Ltd., and …
Shah Deniz 2: Top Sides Set Sail
The Shah Deniz consortium are pleased to announce the sail away of the first topsides unit built for the Shah Deniz Stage 2 platforms. The official sail away ceremony, held in Baku today, was attended by H.E. President Ilham Aliyev of the Republic of Azerbaijan. The Quarters and Utilities (QU) …
SOCAR and BP-operated AIOC Sign Principles of Agreement on Future Development of the ACG Oil Field in Azerbaijan to 2050
Agreement will lead to further significant investment Current production from ACG is circa 620,000 barrels of oil equivalent per day Will create significant jobs in the years ahead BP will lead the partnership SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating …
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 …
SOCAR and Ministry of Emergency Situations and Prosecutor General of Azerbaijan Republic Joint Statement on Gunashli Rig Disaster
A sharp change in weather conditions in the country created serious problems in the conduct of offshore oil and gas operations. On December 4th 2015, north wind speed reached 38-40 meters per second whilst the wave height in the open sea was 8 meters and more. In the evening incessant …