SOCAR: Europe may receive Shah Deniz gas by 2019
Gas from the second phase of Azerbaijan’s Shah Deniz gas project is expected to reach Europe in 2019, Azeri state energy firm SOCAR said on Tuesday. ‘Production at Shah Deniz II will start in 2018. The pipeline will be filled and gas will reach European borders by 2019,’ SOCAR First …
BP Attempts to Sooth SOCAR and Azeri Ire
BP Plc Chief Executive Officer Bob Dudley agreed to work closely with the State Oil Co. of Azerbaijan at a Caspian Sea oil field where Azeri President Ilham Aliyev blamed the U.K. producer for declining output, reported Zulfugar Agayev. Dudley met with Rovnaq Abdullayev, the CEO of Socar, as the …
Socar, Total and GDF Suez: Absheron Discovery is Commercial
A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar – Total – GDF Suez by operator Total E&P Absheron. This step is an important milestone in the frame work of the Agreement on Exploration, Development and Production …
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 …
BP Boosts Azeri Investments
BP Plc plans to step up investments in its oil and gas projects in Azerbaijan in 2012, drilling more wells and developing production at existing fields, the company’s regional office said on Thursday. The BP-Azerbaijan AIOC group said in a statement it plans to invest $3.2 billion in the Chirag, …
BP – Shah Deniz Final Investment Decision in 2013
A BP PLC (BP) led consortium working on Azerbaijan’s Shah Deniz natural gas field will make a final investment decision on development of the second stage of the field in 2013, the head of Azerbaijan’s state energy company Socar, Elshad Nasirov, said Wednesday. Azerbaijan plans to ship 10 billion cubic …
SOCAR President receives ExxonMobil delegation
SOCAR President Mr. Rovnag Abdullayev met with Mr. Phil Mulhall, ExxonMobil Regional Manager for Europe and the Caspian Region and Mr. Steven Mann, chief advisor on international issues. Mr. Abdullayev informed the guests on the latest achievements of Azerbaijan in the oil and gas industry. In turn, ExxonMobil officials highly …
SOCAR and Foster Wheeler sign memorandum of understanding
SOCAR and Swiss Foster Wheeler signed a memorandum of understanding. The document was signed by SOCAR Vice-President for strategic development Mr. Tofig Gahramanov and Chief Executive Director of Foster Wheeler Mr. Marco Maresco. The MoU involves the establishment of a joint venture on the material and technical base of SOCAR’s …
SOCAR Drilling Update for June 2011
SOCAR (except Joint Ventures and Operating Companies) conducted 10923 meters drilling works in June, 2011. Of this amount, development drilling made up 10687 m and exploration drilling – 236 m. As a whole, in January-June of 2011, SOCAR (except Joint Ventures and Operating Companies) conducted 78533 m drilling works including …
Caspian’s Future to Outshine its Past
The history of the oil industry in the Caspian Sea is one of the oldest tales known in the Exploration & Production business. Few are those who are not aware of the role that the Caspian holds as the original oil producing centre of the world, with 3,000 producing wells …