Posts Tagged ‘azerbaijan’

Total and Statoil to acquire TANAP stakes

by on November 8, 2012 3:37 am BST
Total and Statoil to acquire TANAP stakesBY AIDA SULTANOVAAZERBAIJIAN -- BP together with Total and Statoil will acquire a combined 29% share in the TANAP, from Azerbaijan's state energy company SOCAR. Rovnag Abdullayev  SOCAR president said BP and Statoil intend to acquire 12% each in the project, while Total will take 5%,

BP confirms deal on Caspian field production

by on October 24, 2012 1:06 pm BST
BP confirms deal on Caspian field productionBAKU, AZERBAIJAN -- BP  confirmed Wednesday that it had reached an agreement with the State Oil Company of Azerbaijan Republic on how to stabilize production in the Azeri-Chirag-Guneshli field in the Caspian Sea."We are clear on the priorities and the actions that

BP ‘to keep’ ACG driving seat

by on October 24, 2012 10:54 am BST
Socar president Rovnag Abdullayev said the company was working with BP on a plan to keep expected output this year of about 246 million barrels from the Azeri-Chirag-Guneshli (ACG) field roughly flat through the end of the decade and was not looking at a change of operator on the

BP bolsters Azeri staff over critique

by on October 19, 2012 11:48 am BST
The decision to place new operations people at the Azeri-Chirag-Deepwater Gunashli (ACG) oilfield and Shah Deniz gas and condensate field came just a day after chief executive Bob Dudley met with the head of Azerbaijan’s state oil company Socar to discuss operations in the country.Last week Azeri