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Country summary: Azerbaijan

energy-pedia opportunities - Azerbaijan:
Current deals: 1
Licensing articles: 16
Completed deals: 12

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Azerbaijan - recent news

17 Jun 24
Azerbaijan: Baker Hughes awarded multi-year contract to help Azerbaijan maximize well productivity
Baker Hughes has announced an award from the State Oil Company of Azerbaijan Republic (SOCAR) to employ its electric submersible pump (ESP) technology and automated field production software solution, Leucipa, in the nation’s oilfields.
05 Jun 24
Azerbaijan: MVM Group acquires a stake in the Shah Deniz offshore gas-condensate field
Hungarian state-owned MVM Group has entered into a sale and purchase agreement with the Azerbaijani state-owned entity Southern Gas Corridor for the acquisition of a 5% stake in the Production Sharing Agreement for the Shah Deniz gas-condensate field offshore Azerbaijan and a 4% stake in Azerbaijan Gas Supply Company, established for the marketing and sale of natural gas produced from the Shah Deniz gas-condensate field.
17 Apr 24
Azerbaijan: bp begins oil production from major new platform offshore Azerbaijan
bp, as operator of the Azeri-Chirag-Gunashli (ACG) project, has announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.
04 Mar 24
Azerbaijan: WindEurope and Azerbaijan join forces to accelerate wind energy
WindEurope and the Azerbaijan Renewable Energy Agency have signed a Memorandum of Understanding (MoU) to advance the deployment of onshore and offshore wind energy in Azerbaijan and the wider Caspian Sea area.
24 Jan 24
Azerbaijan: BP launches major seismic programme on ACG field
bp as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project, commenced a new 4-dimensional (4D) high-definition ocean bottom node seismic programme on the ACG field on 20 January. This is the largest-ever seismic acquisition commitment made by bp globally by all its aspects – area size, cost and programme duration.

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