Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

KBR Scores Major FEED Contract for Chirag Oil Project in Caspian Sea

change text size

BP Caspian Sea Development
(Click to Enlarge)

KBR has been awarded a contract by BP, on behalf of Azerbaijan International Oil Company (AIOC), to provide front-end engineering and design (FEED) services for the Chirag Oil Project located in the Azerbaijan sector of the Caspian Sea.

KBR will provide FEED and procurement support services for a single, large drilling platform that ties into the existing Azeri-Chirag-Gunashli (ACG) oil field development infrastructure. The project award marks the next milestone in the Chirag Oil Project development, including an incremental expansion to the existing ACG field development. KBR has been involved with the development of the ACG project since 1995. Work on the project is already underway. Services will be provided through KBR's Leatherhead offices, as well as in Baku, Azerbaijan.

"This award follows successful performances by KBR on ACG Phases One, Two and Three, solidifying KBR’s position as a leading contractor in the Caspian Sea region," said John Rose, President, KBR Upstream. "We are proud of the long-standing relationship KBR has developed with BP on the ACG project over the last 13 years, and we are committed to yet another successful project execution on the FEED phase of the Chirag Oil Project."

Background

The ACG oil field, located in the Caspian Sea 75 miles (120 kilometers) offshore Azerbaijan in 394 feet (120 meters) of water, was first discovered during the Soviet era. Developed in three phases, the ACG field has an estimated 5.4 billion barrels of recoverable oil, with production expected to ramp up to 1MMbopd by 2009.

Partners in the Chirag Oil Project, which is operated by BP (34.1%), include Unocal, 10.3%; SOCAR, 10%; INPEX, 10%; StatoilHydro, 8.6%; ExxonMobil, 8%; TPAO, 6.8%; Devon, 5.6%; ITOCHU, 3.9%; Hess, 2.7%.

Related Companies
 Company: BP plcmore info


 - BP Says New Sanctions on Russia Appear to Target Access to Markets (Jul 17)
 - US Court Revives BP Retirement-Plan Suit Filed After Oil Spill (Jul 15)
 - Onshore Shetland: BP's Sullom Voe Recruitment Drive (Jul 4)
 Company: Exxon Mobil Corporationmore info


 - Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm (Jul 21)
 - Under Sanction Threat, Russia Turns To Own, Chinese Oil Technology (Jul 9)
 - Technip Wins Subsea Services Deal with Statoil, Exxon and Gassco (Jul 8)
 Company: UNOCALmore info
 - Brenham Inks PSC Agreement for Equatorial Guinea Block (Dec 20)
 - PetroChina Is Set to Go It Alone (May 26)
 - KBR Scores Major FEED Contract for Chirag Oil Project in Caspian Sea (Mar 23)
 Company: SOCARmore info
 - Azeri Oil Output Falls in Jan-May on Lower ACG Oilfields Production (Jun 6)
 - SOCAR: Total, E.ON Plan to Withdraw from TAP Gas Pipeline Project (Jun 3)
 - Azerbaijan's SOCAR to Lower Gas Exports in 2014 (May 19)
 Company: Devon Energymore info
 - Devon To Sell Oil And Gas Assets To Linn Energy For $2.3B (Jun 30)
 - GE, Devon Sign New Technology Collaboration Agreement for Unconventionals (May 12)
 - Devon Energy Profit Tops Street, Sees Permian Potential (May 7)
 Company: Inpexmore info
 - Inpex Launches Hull of FPSO for Ichthys LNG Project's in DSME's Okpo Yard (Jul 8)
 - Ichthys LNG Project Moves Into Next Phase of Onshore Construction (Jul 2)
 - SEMAC-1 Commences Export Pipeline Installation for Ichthys LNG Project (Jul 1)
 Company: TPAOmore info


 - Turkey's TPAO Signs $1.5B Deal To Buy Total's Stake In Azeri Gas Project (May 30)
 - Turkey's TPAO Says In Talks With Exxon, OMV, MOL For Joint Oil Exploration (Feb 19)
 - Dragon Oil, TPAO, Ghazanfar Signs PSCs for 2 Blocks in Afghanistan (Oct 10)
 Company: Itochumore info
 - North West Shelf LNG Tender Goes to BG, Itochu and Statoil (Jun 19)
 - Inpex Buys Stakes in Zapadno-Yaraktinsky, Bolshetirsky Blocks in Irkutsk (Sep 25)
 - Japan Far East Gas, Gazprom Ink MOU for Vladistok LNG Project (Jun 24)
 Company: KBRmore info
 - KBR Awarded Major Engineering Design Contract by BP (Dec 30)
 - KBR: Foreign Investors May Balk at Pemex's Sovereign Status (Nov 15)
 - KBR CFO to Retire (Sep 5)
 Company: StatoilHydromore info


 - Samsung Heavy Industries Lands Statoil FSU Construction Contract (Sep 14)
 - First Movers in Eco-Drilling: Going 'Dope'-less (Apr 25)
 - StatoilHydro Delays Hammerfest LNG Start Up (Nov 23)

Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Project Manager (SURF Installation)
Expertise: Subsea Engineering
Location: Houston, TX
 
Senior Landman/ Land Manager
Expertise: Landman, Petroleum Engineering
Location: Houston, TX
 
Rotating Equiptment / Mechanical Engineer
Expertise: Mechanical Engineering, Reliability Engineer
Location: Houston, TX
 
search for more jobs