The experience was positive and the future looks even brighter, which is why several international oil companies, including BP, Statoil, and Chevron, are injecting USD billions in oil fields Azeri, Chirag, and Gunashi in Azerbaijan. As such, the companies are securing the rights to drill for oil and gas in the area for the next 32 years.
The fields, which are all located in the Caspian Sea, have been operated by a joint venture between the oil companies BP, Chevron, Inpex, Statoil, ExxonMobil, TP, Ithochu, and ONGC. The oil companies have been active in Azerbaijan for 23 years and for all of these years they have cooperated with the national oil company State Oil Company of the Republic of Azerbaijan (SOCAR).
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Keppel enters German offshore wind alongside Ørsted
Keppel Corporation becomes co-owner of a wind farm in the German North Sea alongside Ørsted and Gulf International Holding in a transaction worth EUR 305m.
Indonesia limits coal exports – could increase bulk demand
A total of 48 mining companies in Indonesia have been ordered not to export coal as they have not met their obligation to sell to their home market.
Maersk Drilling wins two-month deal extension with TotalEnergies
The extension enters force in November, with the option to prolong by another two months still applicable in the contract.
Oil approaches best week in four months
Thursday, the IEA raised its forecast for global oil demand, now expecting consumption to reach 2.1 million bpd – 380,000 more than previously.
KK Wind's revenue to rise with EUR 670m after buying Vestas unit
The company’s largest acquisition to data will not only make KK Wind Solutions Vestas’ exclusive partner, but also provides the supplier with a Chinese market entry – also making it easier and cheaper to source components, says CEO.
Consultant to work with the important role of power plants in the green energy system of the future 
Adm. Director of Svendborg District Heating 
Legal Manager, Compliance and Regulatory 
Director/VP til VP Engineering & Design 
Department manager for Controlcenter Gas 
Technically skilled Project Manager for a new function in eMobility Delivery in Norlys Energi 
GMP Compliance Consultant to Eltronic in Ballerup 
Senior Project Manager for the offshore wind industry 
Finance controller / project manager for Evida's operation and maintenance department 
Wind turbine technician 
Senior Transaction Manager, M&A and Project Financing 
HV Specialist for newly created position 
Financial consultant for the district heating area 
Senior Reservoir Engineer