BP and Azerbaijan’s state-owned SOCAR have pre-empted a sale of equity in the Shah Deniz field to Russia’s Lukoil.
BP has commenced production from a new section of its huge Shah Deniz gas field.
Turan Drilling & Engineering, a joint venture from Aberdeen-based KCA Deutag, has won a £382.5million contract with BP.
Twelve years on from start-up, BP has pumped 100 billion cubic metres of gas from Shah Deniz.
BP said today that the $28 billion Shah Deniz 2 gas development in Azerbaijan has commenced production.
BP has published a picture of the Shah Deniz Bravo platform jacket being loaded out.
BP chief executive Bob Dudley said the UK energy major was “firing on all cylinders” at its annual general meeting in Manchester yesterday.
BP said today that the second topsides unit for its Shah Deniz Stage 2 project has been installed in the Caspian Sea.
BP has revealed footage for the sail away of the Shah Deniz 2 jacket. The video shows the latest development for the offshore installation in the Caspian Sea. The sail away was held from the Heydar Aliyev Baku deepwater jackets factory.
Saipem has been awarded a contract to design and build the offshore section of the Trans Atlantic Pipeline (TAP).
Statoil has agreed to sell its 20% stake in the Trans Adriatic Pipeline to Italian gas infrastructure firm Snam for EUR208million.
DNV GL will support BP in assuring the huge Shah Deniz Stage 2 project equipment transportation and installations are conducted to recognised guidelines, standards and internal requirements.
Maersk Drilling has won a $523million contract extension with oil major BP for the use of a drilling rig on the Shah Deniz field. The company said the move is a continuation of an existing agreement which was set to expire in May 2016.
Statoil has completed the sale of its share in the Shah Deniz production sharing agreement to Petronas. The Norwegian company sold off its 15.5% participating interest in Shah Deniz, 15.5% share in the South Caucasus Pipeline Company, 15.5% share in the SCPC holding company and 12.4% share in the Azerbaijan Gas Supply Company (AGSC).