BP company is considering more investments in the Azerbaijani sector of the Caspian Sea, BP's Vice President for Wells in Azerbaijan-Georgia-Türkiye (AGT) region Russell Morris said at the IADC Drilling Caspian 2025 exhibition held in …
Caspian output to reach Europe while Turkmenistan eyes supplier role, SOCAR says. In an interview with Nikkei Asia, SOCAR's vice president said "there are no obstacles left to build new pipelines in the Caspian Sea."
A strategic agreement which changed the course of the nation’s history
The total oil production at Azerbaijan's Azeri-Chirag-Gunashli (ACG) block of fields has reached 500 million tons since the start of its development, President of Azerbaijan's State Oil Company SOCAR Rovnag Abdullayev said at an event …
BP as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field advises that as part of its ACG annual work program it has successfully completed planned maintenance (turnaround) on the West Chirag platform in the Caspian …
President of Azerbaijan Ilham Aliyev is attending a ceremony to mark the 25th anniversary of the Contract of the Century and Oil Workers Day, Trend reports. The ceremony is held today at the Heydar Aliyev Center. …
The Azeri-Chirag-Gunashli (ACG) partnership today celebrated the 25th anniversary of the ACG production sharing agreement, signed on 20 September 1994 between the Government of Azerbaijan and eleven international companies representing eight …
BP plans to drill six wells in Azerbaijan within the next two years, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said at a meeting on the results of 2018 and plans 2019. According to him, BP has …
In the eight years between early 2001 and November 1, 2018, the State Oil Fund of Azerbaijan (SOFAZ) received $136.782 billion as part of the project to develop the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Azerbaijani …
It tries to reduce its reliance on Middle Eastern countries, particularly Saudi Arabia, the UAE
To date very limited upstream activity has occurred in Iran’s portion of the Caspian Sea
The outgoing year was a time of increasing international interest in Azerbaijan's energy projects, the head of the 'Caspian Barrel' Center for Oil Research Ilham Shaban told Vestnik Kavkaza, summing up the …
Azerbaijan's President Ilham Aliyev approved the 'Contract of the Century' to extend the development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields until 2050, the official website of the …
One of Russia’s biggest oil companies has completed drilling its eighth well in the Caspian Sea. Lukoil is now waiting to turn on the tap for the additional resources that will be unleashed from the Vladimir Filanovsky field, put in …
New era in development of Azeri-Chirag-Gunashli
The new era begins in the development of giant Azeri, Chirag, Gunashli oil fields, said Azerbaijan‘s President Ilham Aliyev, Trend reports. He made the remarks during the signing ceremony of a new contract on development of …
Director of petroleum studies center Caspian Barrel on new OPEC deal
Azerbaijan has defined the approximate terms of the start of natural gas production from deep-laying strata in the Caspian oil and gas field block of the Azeri-Chirag-Guneshli (ACG), Azerbaijani Energy Minister Natig Aliyev said, …
The Shah Deniz-2 project has become one of the most complicated in the history of the world oil and gas industry, BP vice president for the Southern Gas Corridor, Joseph Murphy, said at the opening of the CASPIAN OIL & GAS …
Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters (129 million cubic feet) of gas per year after it commissioned a new well on the Guneshli offshore field. As …
