Azerbaijan's state oil firm Socar and BP have 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. The MOU gives BP the…
WorleyParsons has been awarded a five-year engineering, procurement and construction management (EPCM) services contract for BP-operated assets in Azerbaijan, Georgia and Turkey. Under the agreement, WorleyParsons will provide EPCM services…
BP's Caspian Sea unit has inked 14 offshore support vessel contracts with Topaz Energy and Marine. The contracts cover a five-year period plus two one-year options at current market terms and will be primarily in support of BP’s ACG and Shah Deniz II fields offshore Azerbaijan…
Datum360 has been awarded – and has already delivered – a contract to deploy its Software as a Service (SaaS) solution that will standardize engineering information for the largest oilfield project in the Azerbaijan sector of the Caspian basin…
A search for missing oil workers continues in the Caspian Sea following a fire offshore Azerbaijan that started last week, on 4 December. Socar's West Azeri plaform. Image from Socar's Facebook…
Azerbaijan represents around $17billion of bidding opportunities for UK oil and gas companies, according to UK Trade and Investment (UKTI). At the government department’s Azerbaijan market briefing yesterday, the agency said skills developed…
SOCAR-AQS signed a joint venture (JV) agreement with Archer Assets UK and Nobel Oil Services to establish Oğuz Drilling, a new platform drilling company in Azerbaijan, with a focus on the Caspian Sea. With support from SOCAR-AQS, Archer and Nobel Oil Services…
On 30 April 2015, Statoil completed their sale of 15.5% share in Shah Deniz to PETRONAS, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement…
BP and the state oil company of the Republic of Azerbaijan, SOCAR signed a production sharing agreement (PSA) for the exploration and development of the potential prospects in the shallow water area around the Absheron Peninsula located in the Azerbaijan sector of the Caspian Sea…
PD&MS Energy has secured a three year contract to provide platform engineering services and upgrades for BP-operated projects in the Azerbaijan-Georgia-Turkey region (AGT). The Aberdeen-based firm has options to extend the contract by an additional five years…
Fugro has reached agreement with The State Oil Company of the Azerbaijan Republic (SOCAR) to form a new Joint Venture for the performance of bathymetric, geophysical and geotechnical surveys, the provision of autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs)…
A new shipbuilding yard, jointly developed by Keppel Offshore & Marine, Azerbaijan’s state oil firm SOCAR and Azerbaijan Investment Company (AIC), was officially opened this morning, September 20. Baku Shipyard is a 62ha yard, in Baku…
Statoil and SOCAR signed a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The MoU defines the framework within which the companies will explore the opportunities…
Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The agreement was signed in Baku…
The land-locked Caspian Sea returned to offshore industry centre-stage last month with BP’s confirmation that front end engineering and design had begun for stage two of the huge Shah Deniz gas field development. Terry Knott reports.The Shah Deniz consortium…
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