Europe awaits Azerbaijani gas

Caspian output to reach Europe while Turkmenistan eyes supplier role, SOCAR says. In an interview with Nikkei Asia, SOCAR's vice president said "there are no obstacles left to build new pipelines in the Caspian Sea." 

BP: West Chirag platform resumes its operation

BP as the operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field advises that as part of its ACG annual work program it has successfully completed planned maintenance (turnaround) on the West Chirag platform in the Caspian …

Azerbaijan celebrates 25th year of Contract of the Century

The Azeri-Chirag-Gunashli (ACG) partnership today celebrated the 25th anniversary of the ACG production sharing agreement, signed on 20 September 1994 between the Government of Azerbaijan and eleven international companies representing eight …

BP plans to drill six new wells in Azerbaijan

BP plans to drill six wells in Azerbaijan within the next two years, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said at a meeting on the results of 2018 and plans 2019. According to him, BP has …

 Azerbaijan approves 'Contract of 21st Century'

Azerbaijan's President Ilham Aliyev approved the 'Contract of the Century' to extend the development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields until 2050, the official website of the …

LUKOIL increases production in the Caspian Sea

One of Russia’s biggest oil companies has completed drilling its eighth well in the Caspian Sea. Lukoil is now waiting to turn on the tap for the additional resources that will be unleashed from the Vladimir Filanovsky field, put in …