Latest news

BP, SOCAR begin exploration drilling at Shafag-Asiman block offshore Azerbaijan

British oil company BP and its partner State Oil Company of the Republic of Azerbaijan (SOCAR) have commenced drilling of the Shafag-Asiman block offshore Caspian Sea in the Azerbaijan sector.

read more... 16/01/2020

news

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

news

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

news

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

news

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

news