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BP to drill two wells at Shah Deniz-2 this year

BP to drill two wells at Shah Deniz-2 this year

BP drilled the SDC-02 well within the framework of the Shah Deniz-2 project in 2013 and started drilling the SDC-03 well which will be launched in 2014, abc.az reports.The Heydar Aliyev unit drilled the SDX-07Ay well in September 2013.Two wells will be drilled on the offshore structure in 2014. The Shah Deniz-2 project is worth $28 billion. A total of 28 wells will be drilled. First gas from Shah Deniz-2 will be available by the end of 2018. Gas exports to Europe will start in 2019.

Azerbaijan’s Sangachal terminal restores gas-pumping

Azerbaijan’s Sangachal terminal restores gas-pumping

BP has restored gas-pumping through the Baku-Tbilisi-Erzurum Pipeline, Trend reports.18.3 million cubic meters of gas are pumped to Turkey, 2.5 million cubic meters to Georgia, 5.4 million cubic meters to Azerbaijan.Pumping was stopped last weekend due to an accident on an oil and gas terminal in Sangachal.

Turkey is dissatisfied with Iran’s gas prices

Turkey is dissatisfied with Iran’s gas prices

Natural gas prices, offered by Iran, do not satisfy Turkey as they are very high, Turkish Energy and Natural Resources Minister Taner Yildiz said, Turkish TV channel TRT Haber reported on January 30, writes Trend.He went on to add that currently Turkey and Iran are in talks on gas prices, but no agreement has been reached between the parties.Commenting on Ankara's appeal to international arbitration over the issue of Iranian gas price, Yildiz said that Turkey's interests in this matter are above everything.

First oil extracted at West Chirag platform

First oil extracted at West Chirag platform

BP, the operator of the Azeri-Chirag-Guneshli Field, has launched the West Chirag platform, Trend reports.Construction of the platform was carried out within the framework of the Chirag oil project to increase oil extraction. The platform was …

BP, SOCAR to extract deep-lying gas together

BP and the State Oil Company of the Azerbaijan Republic (SOCAR) are working on an agreement to extract deep-lying gas at the Azeri-Chirag-Guneshli Field, according to BP Director for Exploration and Appraisal of Eurasia Greg Riley, Trend …

Kazakh oil extraction has three scenarios - minister

Kazakh Minister for Oil and Gas Uzakbay Karabalin said today that his ministry had developed three scenarios for oil extraction in the country: Boosted, Economical and PragmaticAccording to the International Energy Agency and BP studies, the …

Shah Deniz-2 to boost regional development

Kenan Yavuz, Head of SOCAR Turkey Enerji (Turkish branch of the State Oil Company of the Azerbaijan Republic), a member of the board of Petkim, said that Shah Deniz-2 was a project of global value, Trend reports.According to Yavuz, Shah …

BP to increase gas production at Shah Deniz

BP to increase gas production at Shah Deniz

BP is going to increase gas production at the Azerbaijani Shah Deniz gas field from 9 to 10.4 billion cubic metres. The additional 1.4 billion cubic metres are expected to be sold together with the State Oil Company of Azerbaijan (SOCAR), BP Vice President for Shah Deniz development Al Cook says.

Turkey to buy additional 10% of TANAP shares

Turkey to buy additional 10% of TANAP shares

Turkish Minister for Energy and Natural Resources Taner Yildiz said at the signing of the Shah Deniz-2 final decision that the Turkish government was planning to buy an additional 10% more shares in the Trans-Anatolia Pipeline (TANAP) project …

Decision taken on Shah Deniz-2

Decision taken on Shah Deniz-2

Prime Ministers Irakly Garibashvili (Georgia), Enrico Letta (Italy), Edi Rama (Albania), British Foreign Secretary William Hague, European Commissioner Gunther Oettinger and officials of international companies developing the Shah Deniz Field took part in the signing of the final investment decision for the Shah Deniz-2 project in Baku yesterday.

Turkey may increase TANAP share

Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR), said today that Turkey may increase its share in the TANAP project, Trend reports.Turkey may increase its share with the help of shares offered to …

39 documents to be signed for Shah Deniz-2 investment decision

39 documents to be signed for Shah Deniz-2 investment decision

Rovnag Abdullayev, Head of the State Oil Company of the Azerbaijan Republic (SOCAR), said that 39 documents were planned to be signed for the final decision on the second phase of development of the Shah Deniz Field (about 1.2 trillion cubic …

SOCAR: no new partners to join TANAP

SOCAR: no new partners to join TANAP

A board member of the Petrochemical Holding Petkim, the head of SOCAR Turkey Enerji, Kenan Yavuz, said today at a press conference held in the framework of the Caspian forum that SOCAR is not negotiating with any new companies on …

New platform on the ACG block to start working by the end of the year

New platform on the ACG block to start working by the end of the year

Commissioning of a new platform within the Chirag oil project (increase in oil production on the block of Azeri fields "Azeri - Chirag- Guneshli" ) is planned by the end of the year, BP reports (BP operates the block development). According to the company's report, commissioning and testing in the framework of the project are currently under way. "All the work envisaged under this project will be completed by the end of this year”, Trend quotes the company. 

BP vice president awarded Tereggi Medal in Azerbaijan

Azerbaijani President Ilham Aliyev has awarded BP Vice President Robert Flat with the Tereggi Medal, 1news.az reports.The award was presented by Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR) at an …

UK grants Iran permission to extract gas in North Sea

 The UK has granted Iran permission to extract gas at Ram in the North Sea, a field frozen in 2010 over EU sanctions against Iran, Day.az reports.The field is noted for its high pressure and temperature. Such oil wells may cause …

Baku to host international environmental exhibition

Baku to host international environmental exhibition

From November 20-22 Baku will host the 4th International Exhibition "Caspian: Technology for the Environment" (CTE- 2013), which will bring together companies from Azerbaijan, Russia, Kazakhstan, Turkey, Germany, Italy  Spain and the United Arab Emirates.