Caspian News

 

BP Caspian work for KCA Deutag

Dec 17, 2015

Drilling and engineering contractor KCA Deutag has been awarded two contracts with BP Exploration (Caspian Sea) with about US$360 million for the initial contract or $1 billion including all options. The first contract has been awarded…

Eni, KMG to explore Isatay

Jun 29, 2015

Kazakh state-owned KazMunayGas (KMG) and Italian giant Eni finalized commercial terms to move 50% of the suboil use rights of the Isatay block in the Caspian Sea to Eni. Image from Eni. Isatay…

Bentec secures Caspian contract

May 26, 2015

Drilling rig equipment manufacturer Bentec has been awarded three multi-million dollar contracts, including the firm’s first complete rig for the Caspian Sea offshore sector.  The Caspian rig contract is for Nobel Oil for work off the coast of Azerbaijan…

Lundin eyes Caspian Sea black gold

May 18, 2015

Russian licensing authority Rosnedra awarded Lundin Petroleum a production license for the Morskaya field in the northern Caspian Sea. The production license, in the Lagansky Block, will be valid until 2035 and covers about 50sq km.  The Morskaya field…

LUKOIL sets horizontal drilling world record

Mar 02, 2015

LUKOIL-Nizhnevolzhskneft established a new world record in horizontal drilling with a significant bottom displacement. Well No. 108, drilled from an offshore ice-resistant stationary platform at Yuri Korchagin field in the Caspian Sea, went down 4908m in the 9…

BP, SOCAR to explore Caspian Sea

Dec 22, 2014

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…

Saipem subsidiary awarded Caspian contract

Nov 25, 2014

Saipem, through its subsidiary ERSAI Caspian Contractor, has been awarded a major new engineering and construction contract in the Caspian region worth US$1 billion. The contract scope includes yard engineering, fabrication and precommissioning activities…

Lamprell launches Caspian jackup

Oct 21, 2014

Dubai based offshore fabrication firm Lamprell has completed the second Caspian Sea jackup drilling rig, the Mercury. Lamprell said completion of the rig, the EDC-2, built for Eurasia Drilling, was a milestone for the group, particularly as it has been built under challenging conditions…

Lukoil kicks off Caspian drilling

Jun 23, 2014

Russian national Rosneft and private oil giant Lukoil have started drilling appraisal well №. 1 at the Caspian Oil Co.-operated Ribachya structure in the North Caspian project license. Total prospective resources of the block are estimated at 1…

First steel cut on Caspian vessels

Jun 23, 2014

First steel cut on two supply vessels for Russia's Lukoil has started at Keppel Nantong Shipyard Co.'s yard in Nantong on 18 June. The two Russian Maritime Register of Shipping (RS) class vessels have been designed to supply resources…

Eni, KMG will explore Isatay in Caspian

Jun 12, 2014

Eni signed a strategic agreement with KazMunayGas (KMG), which will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area in the north Caspian Sea. The block is 45km north of the Bozashi peninsula…

Iranian production to reach 4MM b/d

Jun 02, 2014

Iran's oil production will reach 4 million barrels per day (bpd) by the end of the current Persian calendar year in March 2015, a senior Iranian oil official said. Mohsen Qamsari, director for international affairs at the National Iranian Oil Company (NIOC)…

RWE Dea, SOCAR to partner in Caspian

May 06, 2014

RWE Dea and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a joint study agreement to evaluate the hydrocarbon prospectivity in an area south of Baku in the Caspian Sea. The agreement was regarding the joint evaluation…

Ramboll wins Caspian FEED

Jan 27, 2014

Russia’s Lukoil has commissioned Ramboll to perform pre-front end engineering and design (FEED) studies for the Yuri S. Kuvykin field in the Russian sector of the north Caspian Sea. Ramboll’s work will focus on a drilling complex and topside living quarters…

Topaz buys AHTSVs

Jan 22, 2014

Middle East-based offshore support vessel company Topaz Energy and Marine has acquired two large and modern anchor handling towage and supply vessels (AHTSV) for about US$100 million. The vessels, the Caspian Challenger and the Caspian Endeavour…

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