TotalEnergies, SOCAR and XRG have taken a final investment decision (FID) on the full-field development of Azerbaijan's Absheron gas and condensate field, targeting an increase in gas production to 6 billion cubic meters per year from 2029.TotalEnergies operates the Caspian Sea development with a 35% interest, alongside SOCAR with 35% and XRG with 30%.The full-field development will also increase condensate production to 47…
Turkey's state oil company TPAO plans to expand its cooperation with Azerbaijan's SOCAR to explore new offshore areas, including the Karabakh oil and gas field, Turkish Energy Minister Alparslan Bayraktar and TPAO CEO Can Ergin said.TPAO-SOCAR cooperation in Azerbaijan…
BP has completed a planned maintenance program on the Central Azeri platform in Azerbaijan's Azeri-Chirag-Deepwater Gunashli (ACG) field ahead of schedule.The turnaround began on August 19 and was originally scheduled to last 11 days. BP said…
BP and its partners have started non-associated gas (NAG) production at the Azeri-Chirag-Gunashli (ACG) field offshore Azerbaijan, marking the first commercial gas production from one of the world's largest oil-producing fields.The initial gas…
KBR and SOCAR, through their joint venture SOCAR-KBR, have been awarded two contracts by BP in Azerbaijan - one to support the Sangachal Terminal Electrification (STEL) project, Azerbaijan’s largest oil and gas reception terminal, and another for the Shah Deniz compression (SDC) gas field project…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has signed production and exploration contract with Ministry of Energy of the Republic of Kazakhstan and state-owned operator KazMunayGas (KMG) for Zhylyoi Subsoil Area…
Turkish state oil company TPAO will sign a gas production-sharing agreement with Azerbaijan's SOCAR and BP for the Shafaq-Asiman offshore block on the Caspian sea, Turkey's energy minister said on Monday.'Today, we are taking further steps with…
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), Petronas and the Turkmenistan State Enterprise Hazarnebit have signed a new Production Sharing Contract (PSC) with the State Concern Turkmennebit for the offshore Block I gas and condensate fields in Turkmenistan…
The following article is an op-ed piece authored by Askhat Khassenov, Chairman of KazMunayGas (KMG), Kazakhstan’s national oil and gas company, who discusses how KMG is positioning itself as a strategic global energy player by forming key international partnerships…
BP plans to add six new wells to its operation in Azerbaijan's Shah Deniz gas field in the Caspian Sea to ensure stable production in the years ahead, a senior manager at the international energy major told Reuters.BP currently operates 21 gas wells in Shah Deniz…
Kazakh President Kassym-Jomart Tokayev on Tuesday ordered the government to step up talks with international oil majors about an extension of existing production sharing agreements (PSA) on 'better terms'.The central Asian country is one of…
BP, as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development in the Caspian Sea, has kicked off planned maintenance (turnaround - TAR) works on the Deepwater Gunashli platform.In accordance with the plan, production from…
BP, as the operator of the Azeri-Chirag-Gunashli (ACG) project, has started oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.The ACE platform is the…
An ecological organization in Kazakhstan said on Tuesday that a large oil spill had been captured by satellite imagery in the northern Caspian Sea near Kazakhstan's giant Kashagan oil field.Galina Chernova of the Globus environmental organization posted on Facebook that a slick of around 7 sq km (2…
BP has started a new four-dimensional (4D) high-definition ocean bottom node seismic program on its Azeri-Chirag-Deepwater Gunashli (ACG) oil field in the Caspian Sea, offshore Azerbaijan.This is the largest-ever seismic acquisition commitment made by BP globally by all its aspects – area size…
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