Azerbaijan may not be able to deliver on ambitions to double natural gas exports to Europe by 2027, having failed to secure long-term sales deals it needs before investing billions of dollars to boost production, according to two people with knowledge of the matter.
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.
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).