BP Appoints Heads of production, Drilling
BP has reshuffled its exploration and production division as the oil company readies for the biggest jump in output in its history. The British firm is launching a record number of projects this year and plans steep growth in production through 2021.
SOCAR, AIOC Team-up to Develop ACG oil field
SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) today 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.
BP Expects Flat Oil Output in Azerbaijan in 2017
British oil major BP expects flat oil output in Azerbaijan in 2017 and will adhere to an oil output freeze, if the Azeri government takes such a decision, the company's regional manager said on Wednesday. "We can't expect a rise in oil production next year…
BP: Maintenance Planned at Azeri Platforms
BP plans to suspend two of its offshore platforms in Azerbaijan for maintenance in the course of 2016, Gordon Birrell, head of BP in Azerbaijan, Georgia and Turkey, said on Thursday. Birrell told reporters maintenance was planned at…
BP to Start Absheron Peninsula Shallow Water Survey in Q1 2016
BP plans a seismic survey in the shallow water Absheron Peninsula in Azerbaijan in the first quarter of 2016, BP's regional director for Azerbaijan, Georgia and Turkey said on Tuesday. A production-sharing agreement between BP and Azeri…
BP & SOCAR Deal to Explore Shallow Water Absheron Peninsula
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea.
Azeri Shipyard, BP Sign Vessel Construction Contract
Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project, BP said on Wednesday. Azerbaijan's biggest gas field…
$750 Mln for Shah Deniz Gas Project from BP-Led Consortium
A consortium led by British oil company BP has awarded construction and supply contract worth $750 million to help to develop the Shah Deniz II gas field in Azerbaijan, a project that offers Europe a chance to cut reliance on Russian gas.
BP-led Consortium Awards $750m Gas Contract
A consortium led by British oil company BP has awarded construction and supply contract worth $750 million to help to develop the Shah Deniz II gas field in Azerbaijan, a project that offers Europe a chance to cut reliance on Russian gas.
