Search results for: ACG

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  • 23 December 2016
    Business & Finance

    Azerbaijan’s state-owned oil company Socar and BP-operated AIOC (the Azerbaijan International Operating Company) on Friday signed a letter of intent for the future development of the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea.   BP said the agreement will cover the development of the field until 2050 and will add significant resource development potential to […]

  • 19 April 2019
    Business & Finance, Operations & Maintenance

    The Steering Committee for the development of the Azeri and Chirag fields and the Deep Water portion of the Gunashli (ACG) field has sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant ACG field in the Azerbaijan sector of the Caspian Sea. The $6 billion development includes a new […]

  • 14 September 2017

    BP and its partners in the Azeri, Chirag fields and the Deep Water Portion of the Gunashli Field (ACG) in the Azerbaijan sector of the Caspian Sea have with the state of Azerbaijan signed the amended and restated agreement on the joint development and production sharing which will be effective until the end of 2049. The contract is […]

  • 10 July 2015

    Delegation of the State Oil Company of the Azerbaijan Republic (SOCAR), led by the President of the company, Rovnag Abdullayev, is visiting Japan in order to have bilateral meetings with Japanese companies and talk on participation of Japanese companies in SOCAR projects and cooperation possibilities. Within the visit, SOCAR President Rovnag Abdullayev met with Toshiaki Kitamura, […]

  • 19 April 2019
    Project & Tenders

    The Azeri Central East project, the next stage of development of the giant ACG field in the Azerbaijan sector of the Caspian Sea, has been sanctioned.

  • 29 January 2014

    The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned in 2010. West Chirag production […]

  • 25 October 2012
    Business & Finance

    As a follow up to last week’s London meetings, a group of BP senior executives representing BP’s upstream production, development, and strategy and integration divisions held a 3-day working visit to Baku to continue the discussions about production from the ACG fields, as well as to review BP’s future plans for the region. The visit […]

  • 4 November 2019
    Business & Finance

    Hungarian oil and gas company MOL has signed an agreement with Chevron to acquire its non-operated E&P and midstream interests in Azerbaijan for total consideration of $1.57 billion.  

  • 31 January 2014
    Business & Finance, Operations & Maintenance, Research & Development

    The Azerbaijan International Operating Company (AIOC), operated by BP, announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned in 2010. West Chirag production began […]

  • 23 September 2019

    Azerbaijan’s national oil company SOCAR has evacuated 500 offshore workers in the Caspian Sea citing severe weather conditions.

  • 31 July 2006

    The East Azeri platform deck on the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijani sector of the Caspian Sea was lowered into position on 28 July. Statoil has an 8.56% interest in the ACG field, operated by BP. Transporting the near 16,000 tonne topside from the construction site near the capital Baku to the field took […]

  • 22 October 2006

    The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the East Azeri platform four months ahead of schedule. East Azeri completes Phase 2 of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Phase 3, which will develop the Deep Water Gunashli area […]

  • 9 September 2012

    Hess Corporation has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. The transaction, expected to close in the first quarter of 2013, is subject to Indian and other government […]

  • 19 May 2014
    Business & Finance, Equipment

    Analox Sensor Technology’s new compressed breathing air monitor has become the company’s most anticipated product launch, with over £100K of pre-launch orders already secured. The new ACG+ is the gas analysis specialist’s most effective and versatile compressed breathing air monitor, designed to be used as a wall-mounted continuous monitor, or as a portable solution for […]

  • 1 April 2013

    Hess Corporation announced it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. Adjusting for net cash flow received since the Jan. 1, 2012 effective date of sale, after tax […]

  • 4 November 2019
    Business & Finance, Project & Tenders

    MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan. The acquisition includes a 9.57% stake in the Azeri-Chirag-Gunashli (ACG) oil field, and an effective 8.9% stake in the Baku-Tbilisi-Ceyhan (BTC) pipeline that transports the crude to the Mediterranean port of Ceyhan, […]

  • 16 January 2018
    Business & Finance

    KBR and its joint venture with Socar has been awarded two separate FEED contracts for a new production, drilling, quarters platform to be located in the Azeri-Chirag-Gunashli field in the Azerbaijan sector of the Caspian Sea.

  • 11 October 2017
    Project & Tenders

    ALE, a global heavy-lift specialist, has completed offshore and marine operations on the ACG field in the Caspian Sea offshore Azerbaijan. ALE said on Tuesday that the company was contracted for a complex scope of work, involving the load-out of two jackets, weighing and jack-up of the topsides, strand jack skidding load-outs, ballasting, and mooring […]

  • 16 January 2018
    Operations & Maintenance, Project & Tenders

    KBR’s joint venture with SOCAR has secured two Front-End Engineering Design (FEED) contracts for a new production, drilling, quarters (PDQ) platform, the Azeri Central East (ACE), to be located in the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. The contracts, which were awarded by the Azerbaijan International Oil Company, cover the provision of FEED services for the new […]

  • 6 February 2018
    Business & Finance

    Benthic has secured a contract for an offshore geotechnical investigation in the proposed Azeri Central East platform location in the Caspian Sea.

  • 17 April 2020
    Business & Finance, Business developments & projects, Exploration & Production

    Oil major Chevron has sold its interest in assets offshore Azerbaijan to Hungary’s MOL for $1.57 billion.

  • 24 October 2006

    East Azeri, part of the Azeri-Chirag-Gunashli (ACG) oil development in the Caspian, is well ahead of schedule and should be on stream by the end of this year.