Statoil, SOCAR to Jointly Explore, Develop New Caspian Area
Monday, April 08, 2013 Statoil and SOCAR take a step forward in strengthening their cooperation by signing an MOU to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea.
BP Achieves Agreement on Caspian Field Production
Wednesday, October 24, 2012 BP has reached an agreement with SOCAR to stabilize production on the Azeri-Chirag-Guneshi field in the Caspian Sea.
Absheron Partners Issue 'Notice of Discovery and its Commerciality'
Monday, July 02, 2012 Total, Socar and GDF Suez issue 'notice of discovery and its Commerciality', an important milestone in the development of the Absheron discovery in Azerbaijan.
Foster Wheeler, SOCAR Team Up to Form New Company
Thursday, July 14, 2011 Foster Wheeler has signed an MoU to cooperate to form a jointly-owned company with SOCAR in the Republic of Azerbaijan.
BP, SOCAR Seal Shafag-Asiman PSA
Thursday, October 07, 2010 BP and SOCAR have signed a new PSA on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector.
Gazprom, SOCAR Sign Addendum to Boost Azerbaijani Gas
Friday, September 03, 2010 An addendum has been signed to the effective gas purchase and sale contract for Azerbaijani natural gas between Gazprom and SOCAR.
Keppel, SOCAR Join Hands to Build New Azeri Shipyard
Friday, March 19, 2010 Fortifying its presence in the Caspian Region, Keppel O&M has entered a joint venture to develop and manage a new shipbuilding and ship-repair facility in Azerbaijan.
RWE, SOCAR to Take a Look at Nakhichevan
Wednesday, March 10, 2010 RWE and SOCAR signed a memorandum of understanding for hydrocarbon exploration and development in the Azerbaijan sector of the Caspian Sea.
Azerbaijan's $6B Chirag Oil Project Sanctioned
Tuesday, March 09, 2010 The $6 billion development plan is the next major step in the ongoing development of the ACG field in the Azerbaijan sector of the Caspian Sea.
Northern Offshore Delivers Drilling Support Services in Caspian Sea
Thursday, November 26, 2009 Northern Offshore UK has secured a contract with Caspian Drilling Company for the provision of support services for drilling operation in the Caspian Sea.
J. Ray Completes Yuri Korchagin Installation in Caspian Sea
Friday, October 09, 2009 J. Ray McDermott's Caspian subsidiary has successfully and safely completed installation of offshore facilities at the Yuri Korchagin field for Lukoil.
Azerbaijan Set to Become Main Supplier of Nabucco Gas Pipeline
Tuesday, October 06, 2009 Azerbaijan is already becoming the main supplier for the realization of the first stage of operation of the Nabucco gas pipeline.
StatoilHydro Marks 15 Years Since Signing 'Contract of the Century'
Wednesday, September 16, 2009 September 20 will mark exactly 15 years since the signing of what is known in Azerbaijan as the "Contract of the century," namely the production sharing agreement for the giant ACG oil field, where StatoilHydro is one of the partners.
BP, SOCAR to Hunt for Hydrocarbons in Untapped Caspian Acreage
Monday, July 13, 2009 BP and SOCAR will jointly explore and develop the Shafag and Asiman structures in the Azerbaijan sector of the Caspian Sea.
Azeri Shah Deniz Field's Phase 2 to Cost Up to $20B
Monday, April 27, 2009 The second phase of development for Azerbaijan's massive Shah Deniz field in the Caspian Sea is expected to cost between $16 billion and $20 billion.
KBR Scores Major FEED Contract for Chirag Oil Project in Caspian Sea
Monday, March 23, 2009 KBR will provide front-end engineering and design services for BP's Chirag oil project offshore Azerbaijan.
Total Takes Reigns at Absheron Block in Caspian Sea
Friday, February 27, 2009 Total signed an exploration, development and production sharing agreement with Azerbaijan's state-owned SOCAR for the offshore Absheron block in the Caspian Sea.
Total to Operate Absheron Block in the Caspian Sea
Thursday, June 05, 2008 Total has signed a heads of agreement with SOCAR for a license in the Absheron Block in the Caspian Sea. Total will be the operator with a 60% interest.
BP Azerbaijan Plans to Spend $611 Million in Operations in 2008
Wednesday, April 30, 2008 In 2008 we expect to spend $611 million in operating expenditure and $1,926 million in capital expenditure on ACG activities.
BP Azerbaijan Maintains Big Drilling, Field Development for 2008
Wednesday, April 30, 2008 BP Azerbaijan reported that early in 2008, Chirag finished drilling a series of planned sidetrack oil producers (A10z, A03z, and A05z) to replace wells that had reached the end of their productive life.