Azerbaijan

The US and UK sanctioned Russian independent Lukoil International and state-owned Rosneft in a bid to pressure Russia over Ukraine.

BP’s new electric gas compression platform at Shah Deniz, Azerbaijan’s largest natural gas producer, is expected to sustain exports to Europe even as the field enters decline.

The $2.9 billion Shah Deniz Compression project, expected online in 2029, will enable additional production of around 50 Bcm of gas and 25 million bbl of condensate.

SOCAR’s expansion of its exploration footprint in Israeli waters could position Azerbaijan as a future player in EastMed gas.

The oil and gas industry must balance global energy demands with stricter environmental regulations, particularly in drilling, where risks and complexities are higher. Innovative technologies, like those used in this stuck-pipe scenario offshore Azerbaijan, are key to overcoming these challenges and improving safety, speed, and efficiency.

Updates about global exploration and production activities and developments.

As Azerbaijan prepares to host COP29, JPT looks back at how the country prospered for millennia on its largess of oil and gas and its unique geography along the ancient Silk Road that today is traversed by pipelines delivering gas and oil to Europe from the depths of the Caspian Sea.

The $6-billion Azeri Central East (ACE) platform is the first BP-operated offshore production facility controlled from onshore.

Updates about global exploration and production activities and developments.

The well was spudded from the new Azeri Central East platform in the giant ACG field in the Caspian Sea.