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BP awards key contracts for $6 billion worth Caspian Sea project

BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.

read more... 17/09/2019

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BP, partners to go ahead with $6bn ACE project offshore Azerbaijan

BP and its partners in the Azeri-Chirag-Gunashli field (ACG field) have approved the $6bn Azeri Central East project (ACE project), which marks the next stage of development of the super-giant offshore Azerbaijani oilfield in the Caspian Sea.

read more... 23/04/2019

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Lukoil has concluded Zhenis block's exploration and development in Kazakhstan

PJSC Lukoil, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (50/50 joint venture between Lukoil and KazMunayGas) will be operator of the project.

read more... 04/04/2019

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Lukoil may sign agreement on new offshore block in Kazakhstan

Russian energy company Lukoil will be ready to sign an agreement with Kazakhstan on a new offshore project in the Caspian Sea this May, CEO of the Russian oil producer Vagit Alekperov told Tass.

read more... 21/03/2019

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LUKOIL drilled the 2nd well in the Eastern part of the Yuri Korchagin field

LUKOIL completed the construction of the 2nd production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.

read more... 15/11/2018

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