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Country summary: Azerbaijan

energy-pedia opportunities - Azerbaijan:
Current deals: 0
Licensing articles: 16
Completed deals: 7

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Azerbaijan - recent news

16 Jan 20
Azerbaijan: BP spuds first Shafag-Asiman exploration well offshore Azerbaijan
BP has announced that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 January. Shafag-Asiman has significant potential for a large-scale gas discovery. The well is planned to reach total depth of up to 7,000 metres, which is expected to take around nine months.
16 Dec 19
SOCAR Petrofac JV secures project management services contract with BP
Petrofac, in a joint venture with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured a Project Management Services contract to support BP’s operations in Azerbaijan and Georgia. The three-year contract will support both onshore and offshore activity for BP operated projects in the Caspian Sea area.
12 Dec 19
Azerbaijan: Zenith Energy provides operational update
Zenith Energy has provided an update on the C-37 well in the Jafarli oil field. The Company expects to achieve stabilised production from well C-37 of approx. 250-300 barrels of oil per day without stimulation following the completion of downhole operations.
04 Nov 19
Azerbaijan: MOL to acquire Chevron's stake in Azerbaijan’s ACG oil field
MOL has signed an agreement with Chevron Global Ventures and Chevron BTC Pipeline to acquire their non-operated E&P and mid-stream interests in Azerbaijan, including a 9.57 percent stake in the Azeri-Chirag-Gunashli ('ACG') oil field, and an 8.9 percent stake in the Baku-Tbilisi-Ceyhan ('BTC') pipeline.
14 Oct 19
Azerbaijan: Zenith Energy provides update on drilling programme and well perforation activities
Zenith Energy, the international oil & gas production company operating the largest onshore oilfield in Azerbaijan, has provided an update on its drilling programme and well perforation activities.

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