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Country summary: Azerbaijan

energy-pedia opportunities - Azerbaijan:
Current deals: 0
Licensing articles: 16
Completed deals: 14

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Azerbaijan - recent news

15 Oct 25
Azerbaijan: Shah Deniz awards three new contracts for compression project
The Shah Deniz consortium has announced the award of three major offshore contracts to advance the Shah Deniz Compression (SDC) project. The contracts, with a combined value of approx. $700 million, have been awarded to the Saipem/BOS Shelf joint venture.
07 Oct 25
Azerbaijan: SOCAR and SLB sign cooperation agreement on redevelopment of Bahar and Gum Deniz fields
SOCAR and SLB have signed an agreement to accelerate the redevelopment of the Bahar and Gum Deniz fields in the Caspian Sea. This partnership envisages the identification of promising production zones, the development of comprehensive reservoir modeling, and the design of well and drilling rig programs to support the Early Production Scheme (EPS) at the fields.
15 Jul 25
Azerbaijan: KBR joint venture selected by BP for two energy security projects in Azerbaijan
KBR has announced that its joint venture with SOCAR, SOCAR-KBR LLC, has been awarded two contracts by BP for Azerbaijan – one to support the Sangachal Terminal Electrification (STEL) project, Azerbaijan’s largest oil and gas reception terminal, and another for the Shah Deniz compression (SDC) gas field project.
10 Jun 25
Azerbaijan: Natural gas sale agreement signed between SOCAR and Germany’s SEFE
A 10-year natural gas purchase agreement has been signed between SOCAR and Germany’s state-owned energy company SEFE (Securing Energy for Europe).
09 Jun 25
Azerbaijan: MOL Group and SOCAR agree on key terms for an onshore exploration opportunity in Azerbaijan
MOL Group and SOCAR have signed key terms for an exploration, development, and production sharing agreement for a new onshore area covering the Shamakhi-Gobustan regions of Azerbaijan.

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