Caspian News

 

BP Eyes New Oil Prospects in Azeri Caspian Sea

Mar 14, 2025

BP plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told Reuters.BP is already working on stemming declining output at producing fields in the Caspian Sea, namely the Azeri–Chirag–Gunashli (ACG) complex of oilfields and the Shah Deniz gas field, but had not previously talked about new exploration.'We are progressing a number of exciting opportunities in Azerbaijan…

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Jun 02, 2025

Turkish state oil company TPAO will sign a gas production-sharing agreement with Azerbaijan's SOCAR and BP for the Shafaq-Asiman offshore block on the Caspian sea, Turkey's energy minister said on Monday.'Today, we are taking further steps with…

Six New Gas Wells in Line for BP’s Shah Deniz Field in Caspian Sea

Feb 11, 2025

BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…

Giant Kazakh Oil Field Operator Denies Spill Reports

Apr 03, 2024

The operator of Kazakhstan's giant offshore Kashagan oilfield denied reports of an oil spill near the field and said on Tuesday its facilities were working normally.Globus, an ecological organization in the Central Asian nation, said earlier…

Oil Spill Spotted Near Kazakh Oil Field in Caspian Sea

Apr 02, 2024

An ecological organization in Kazakhstan said on Tuesday that a large oil spill had been captured by satellite imagery in the northern Caspian Sea near Kazakhstan's giant Kashagan oil field.Galina Chernova of the Globus environmental organization posted on Facebook that a slick of around 7 sq km (2…

No Hydrocarbons at Zhenis Offshore Project, KazMunayGas says

Jul 12, 2023

Kazakhstan's state energy company KazMunayGas KMGZ.KZ said on Tuesday that exploration drilling showed no hydrocarbons at the offshore Caspian Sea project Zhenis where it has been jointly working with Russian oil producer Lukoil LKOH.MM.Interfax news agency said…

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…

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…

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…

Bumi Armada to Sell Three Ice-class Vessels to Lukoil for $44.5M

Jan 20, 2022

Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.Bumi Armada said…

30 Million Tons of Oil: Production Milestone for Lukoil's V. Filanovsky Caspian Sea Field

Dec 23, 2021

The Vladimir Filanovsky offshore field in the Caspian Sea, operated by Russian oil and gas giant Lukoil, has produced more than 30 million tonnes of oil, according to the company.In 2021, the field saw five development wells built (including…

Azerbaijan: Lukoil to Buy Petronas' Shah Deniz Field Stake for $2.25B

Oct 07, 2021

Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas.Lukoil said the value of the transaction was $2.25 billion, with the completion is subject to certain conditions precedent…

Lukoil Enters Kazakh Offshore Block

Jun 07, 2021

Russian oil company Lukoil has agreed to acquire a stake in an offshore block in the Kazakh sector of the Black Sea.Lukoil's president Vagit Alekperov and Chairman of Kazakhstan's 'KazMunayGas' Alik Aidarbayev last Friday signed a sale and purchase deal for a 49…

Lukoil's North Caspian Sea Fields Hit Oil Output Milestone

Dec 29, 2020

Russian oil giant Lukoil said Tuesday its cumulative production of oil had exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.'Lukoil carried on with these projects in 2020. In particular…

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