BP-Azerbaijan

Azerbaijan and Turkey to sign new gas contract?

Azerbaijan and Turkey to sign new gas contract?

BOTAS and the Consortium of Azerbaijani Shah Deniz gas condensate field are negotiating a new contract for the supply of gas within the first stage of the field development. According to the head of the public relations department of BP-Azerbaijan, Tamam Bayatli, due to the completion of the contract concluded in 2001, which provided for the transportation of gas in the amount of 6.6 billion cubic meters annually, supplies to Turkey within the framework of Shah Deniz-1 were terminated on April 16

Shah Deniz celebrates 100 bcm of gas production

Shah Deniz celebrates 100 bcm of gas production

Azerbaijan's Shah Deniz celebrates 100 billion cubic metres (bcm) of total gas production, according to BP. "The milestone was achieved at the end of December, exactly 12 years after we first announced the start-up of …

BP shuts down its oil platform in Caspian

BP shuts down its oil platform in Caspian

BP, the operator of the Azeri-Chirag-Gunashli (ACG) field development project, has shut down the East Azeri platform in the Caspian Sea, the communications manager of the BP Azerbaijan Communication and External Affairs Department, Tamam Bayatly, …

BP resumes gas production at 'Shah Deniz' field

BP resumes gas production at 'Shah Deniz' field

Yesterday evening the BP company resumed production of natural gas at the largest gas condensate field 'Shah Deniz' in the Azerbaijani sector of the Caspian Sea. Work on the platform was suspended on August 2 in connection with …

Roundup of 2014 for Azerbaijan

Roundup of 2014 for Azerbaijan

Escalations in Nagorno-Karabakh, tensions with West, partnership with Russia, the struggle for the European gas market, prevention of religious extremism, attempts to revamp relations with Tehran

Azerbaijan sees to political risks related to has supply to Europe

Azerbaijan sees to political risks related to has supply to Europe

There are no political risks for Azerbaijani gas supplies to Europe, SOCAR head Rovnag Abdullayev told journalists today."No one is safe from risk," Abdullayev said. "The Karabakh issue still remains unresolved. But Azerbaijan is a peaceful country. It stands for good-neighbourly relations. I do not think there will be risks. We do not see any political risk right now," Trend quotes Abdullayev.

Azerbaijan and Russia discuss oil transfers

 Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR), said that specialists of his company and Russia’s Transneft, managing company of the Russian pipeline system, were negotiating transit of Azerbaijani oil through Russia.

Oil production at ACG field cut

BP-Azerbaijan has published production figures of oil production for the first quarter of 2013. The BP Plc-led Azeri-Chirag- Guneshli field in Azerbaijan’s section of the Caspian Sea pumped 8 percent less oil in the first quarter, the Turan news service reported.On the production platform "Chirag-1" 14 wells are in operation, of which 10 are producing wells and 4 are water-injection.

BP-Azerbaijan increases ACG oil extraction by about 7%

BP-Azerbaijan increases ACG oil extraction by about 7%

Oil extraction at the Azeri-Chirag-Guneshli Field (ACG) has increased to 705,000 barrels daily since criticism of BP-Azerbaijan by Azerbaijani President Ilham Aliyev, Turan reports.Extraction in mid-September amounted to 660,000 barrels. Average daily extraction in general amounted to 684,000 barrels.SOCAR and BP authorities held a meeting in London and then in Baku. BP-Azerbaijan had two vice presidents replaced, 10 BP specialists arrived in Baku. The two companies agreed on a new form of cooperation within the consortium.

BP confirms readiness to cooperate with Azerbaijan in Caspian Sea

BP confirms readiness to cooperate with Azerbaijan in Caspian Sea

 BP-Azerbaijan press speaker Tamam Bayatly said that BP will continue working with the State Oil Company of the Azerbaijani Republic (SOCAR) at the Azeri-Chirag-Guneshli Field, 1news reports.Azerbaijani President Ilham Aliyev attended a Cabinet session on socio-economic development of 9 months of 2012 and expressed criticism of BP. He said that oil extraction at the Azeri and Chirag fields started dropping after many mistakes made by BP.