Azerbaijan
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This paper describes the application of learnings from an offshore project in the Caspian to an underground gas storage project to enhance drilling performance.
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The Caspian Sea's newest platform is equipped with automation technology and will be controlled remotely from an onshore station.
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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.
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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.
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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.
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The deal is part of the company’s divestment program targeting proceeds of $5 to 10 billion between 2018 and 2020.
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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.
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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.
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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.
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The $28-billion Shah Deniz Phase 2 project off Azerbaijan will supply gas to Europe through the Southern Gas Corridor pipeline system.
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