Azerbaijan
News
December 05, 2017
Petrofac’s Training Services business and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a Shareholders Agreement to form a Joint Venture (JV) for the pursuit of training opportunities across the country’s oil & gas and petrochemical industries.
News
September 14, 2017
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 restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the deepwater portion of Gunashli field (ACG) in the Azerbaijan Sector of the Caspian Sea.
News
September 06, 2017
The Shah Deniz consortium is pleased to announce the launch of the Khankendi - a new flagship vessel for the Caspian. The state-of-the-art subsea construction vessel has been specifically designed and built to install the biggest subsea production system in the Caspian Sea as part of the Shah Deniz Stage 2 project.
News
September 06, 2017
Zenith Energy Ltd., the dual listed international oil & gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to release an update regarding the progress of its field rehabilitation activities in Azerbaijan.
News
May 18, 2017
Keppel Offshore & Marine, through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd., a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR).
News
March 31, 2017
Elite Control Systems, a provider of systems integration services, has announced that once again a major oil and gas operator has renewed its contract with the company to provide a comprehensive process control software system and ongoing support in Azerbaijan.
Article
January 2017
Hurricane force winds led to a multi-well fire on a 30-well production platform. In spite of continuing adverse conditions, well control specialists were able to safely extinguish the blaze in 64 days, 25 of which were non-productive due to the weather.
News
December 23, 2016
SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) have signed a Letter of Intent (LoI) for the future development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea.
News
November 21, 2016
Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for the first phase of production from Absheron gas and condensate field.
News
September 01, 2016
The Shah Deniz consortium said Thursday that the jacket for one of the Shah Deniz Stage 2 platforms sailed away from the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) for offshore installation.
News
May 26, 2016
The State Oil Company of the Azerbaijan Republic (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.
News
May 05, 2016
The Shah Deniz consortium has awarded a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz stage 2 to the BOS Shelf, Saipem Contracting Netherlands and Star Gulf FZCO consortium.
News
April 28, 2016
ABERDEEN, Scotland -- Wood Group has won a new five-year contract with BP-operated projects, valued at $500 million, to deliver services to eight facilities, offshore Azerbaijan.
News
December 17, 2015
KCA Deutag has been awarded two contracts with BP Exploration (Caspian Sea) Limited. These contracts have a combined value of approximately $360 million for the initial contract or $1 billion including all options.
News
September 21, 2015
DNV GL has been awarded a contract for the provision of Marine Warranty, Operations And Consultancy Services for the Shah Deniz 2 project operated by BP Exploration (Shah Deniz) Limited.
News
September 18, 2015
BP Plc is poised to continue as operator of a key Caspian oil-field complex after the current production-sharing deal expires, according to Azerbaijan’s state oil company.
News
June 23, 2015
FMC Technologies 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 addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, approximately 100 km south of Baku.
News
June 18, 2015
While Kazakhstan and Azerbaijan have added over 1 MMbpd to the world’s oil supply since 2005, the two countries are now diverging in their ability to grow production and influence global supply, according to an analyst with research and consulting firm GlobalData.
News
May 26, 2015
Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market.
