Caspian Sea News

Kashagan Oilfield Output Drops after Injection Well Closures

May 25, 2023

Oil output at Kazakhstan's giant Kashagan oilfield fell this month after its operator shut two offshore injection wells on May 20 following the detection of sour gas during routine sampling, the company said on Thursday.The North Caspian Operating…

Oil Giants Face Arbitration as Kazakhstan Alleges Unapproved Spending in Major Oil Fields

Apr 05, 2023

Oil majors operating Kazakhstan's Kashagan and Karachaganak oil fields are being taken to arbitration by the country over allegations including unapproved spending, Bloomberg News reported on Wednesday, citing people familiar with the matter…

Caspian Sunrise Wins Work for Shallow Water Drilling Vessel

Mar 07, 2023

Kazakhstan-focused oil and gas company Caspian Sunrise has won a contract for its offshore drilling vessel, Caspian Explorer.The company, which bought the shallow-water drilling vessel back in 2020, said Tuesday the vessel would drill a well…

Liebherr Rostock Ships Its First Offshore Cranes for Azeri Gas Project

Feb 23, 2023

Liebherr-MCCtec Rostock recently shipped four new offshore cranes to the Umid Babek Operating Company (UBOC) for the Umid-2 gas project in Azerbaijan. The delivery of the Board Offshore Crane (BOS) series units marks Liebherr Rostock’s first offshore crane shipment to Azerbaijan…

Lukoil, KazMunayGas in Caspian Sea Collaboration

Feb 09, 2023

Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…

BP Spuds Exploration Well in Caspian Sea

Jan 27, 2023

Oil major BP, as the operator of the consortium behind the Azeri Shah Deniz field, has started drilling a new exploration well (SDX-8) in the contract area, in the Caspian Sea, offshore Azerbaijan.The company is using the Heydar Aliyev semi-submersible drilling rig…

BP Produced 20.4 mln Tonnes of Oil in Azerbaijan in 2022 - Ministry

Jan 13, 2023

BP produced 20.4 million tonnes of oil in Azerbaijan in 2022, the energy ministry said on Friday.Gas production from the Azeri-Chirag-Guneshli (ACG) field totaled 13.4 billion cubic meters (bcm), the energy ministry said, while 25.2 bcm was produced from the Shah Deniz gas project…

AD Ports, Kazmortransflot in Caspian Sea Offshore Services JV

Dec 28, 2022

UAE-based AD Ports Group and KMTF (Kazmortransflot), an offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), have signed a deal to launch a joint venture that will provide offshore and shipping services for energy companies in the Caspian Sea…

16,000t Jacket Completed for Azeri Offshore Platform Project

Dec 14, 2022

Oil major BP said Tuesday that the jacket of the Azeri Central East (ACE) platform built at the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) was ready for load-out to sail away to its permanent location in the ACG contract area in the Caspian Sea…

Kazakhstan Sees Kashagan Oil Field Restarting Oil Output of 400,000 bpd by end-Oct

Oct 13, 2022

Kazakhstan's Energy Minister Bolat Akchulakov told Reuters that the giant offshore Kashagan oilfield will resume production of 400,000 barrels per day (bpd) by the end of October after maintenance.Speaking on the sidelines of the Russian Energy Week in Moscow…

Kazakhstan's Kashagan Field to Resume Normal Oil Output in October 'At best'

Sep 16, 2022

Kazakhstan's vast Kashagan oilfield, where production sharply declined following an emergency gas release last month, will resume output at usual levels 'in October at best', Kazakh Energy Minister Bulat Akchulakov told Reuters on Friday.Production at Kashagan…

Kazakhstan's Kashagan Oil Output to Remain Below Normal Until end-Sept

Sep 01, 2022

Output at Kazakhstan's Kashagan giant oilfield will remain below normal at least until the end of September due to maintenance following a gas leak early in August, two sources familiar with the situation told Reuters on Wednesday.Daily oil production on Kashagan stayed close to 100…

Russian, Kazakh Crude Oil Exports Hit by SPM Repairs

Aug 23, 2022

Russian and Kazakh oil exports via the Caspian Pipeline Consortium's (CPC) Black Sea terminal face at least one month's disruption each once repairs begin on two of its three single point moorins (SPMs), CPC confirmed on Tuesday.Oil exports…

BP Azerbaijan Suspends Output at Shah Deniz Field's Alpha Platform

Aug 16, 2022

BP Azerbaijan said on Monday that production at its Alpha platform at the Shah Deniz gas field had been suspended on Aug. 14 for 14 days for planned maintenance.The company said last month that the suspension was due this quarter.(Reuters - Reporting by Nailia Bagirova…

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