Azerbaijan

This paper describes the application of learnings from an offshore project in the Caspian to an underground gas storage project to enhance drilling performance.

The Caspian Sea's newest platform is equipped with automation technology and will be controlled remotely from an onshore station.

This first phase connects a subsea production well to a new gas processing platform with a production capacity of 4 million m3/d of gas and 12,000 B/D of condensate.

By initially ring-fencing Absheron’s gas for the domestic market, Azerbaijan will be able to export more of its overall gas production to Europe from across other projects.

Over the past 30 years Caspian nations such as Azerbaijan and Kazakhstan have built thriving economies on oil and gas wealth led by global energy companies and a handful of megaprojects. As times change, that model may need to be reassessed.

The deal is part of the company’s divestment program targeting proceeds of $5 to 10 billion between 2018 and 2020.

The US major has had a stake in the field since it started production in 1997. It produced 584,000 B/D of oil last year.

BP and partners have sanctioned the Azeri Central East project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli oilfield complex in the Azerbaijan sector of the Caspian Sea.

RDS, a KCA Deutag division, and Kavin Engineering and Services entered into a strategic alliance to jointly pursue design and engineering projects across the upstream and midstream oil and gas market. Last month, KCA Deutag agreed to form a joint venture with SOCAR.

The $28-billion Shah Deniz Phase 2 project off Azerbaijan will supply gas to Europe through the Southern Gas Corridor pipeline system.