Azerbaijan

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.

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.