SOCAR-KBR talks new contract on Azerbaijan’s biggest oil & gas project
Baku, Azerbaijan, Nov. 28
By Maksim Tsurkov – Trend:
The joint venture of Azerbaijan’s state oil company SOCAR and the US engineering company KBR (SOCAR-KBR) will carry out design work (Front End Engineering Design - FEED) and detailed engineering of a new platform to be built and installed at the Azeri-Chirag-Gunashli (ACG) block of fields, SOCAR-KBR Director General Orkhan Jafarov told reporters in Baku Nov. 28.
Jafarov said that the relevant contract has been signed.
The latest project, which we received last week, is the FEED of topsides of the platform for the Absheron project, which will be installed at the Oil Rocks, noted the director general.
“Relatively recently, we received a project for the construction of a new platform Central East Azeri, where we conduct FEED work and detailed engineering. The contract has already been signed,” added Jafarov.
He noted that SOCAR-KBR is a Project Management Consultancy (PMC) contractor in projects of modernization of Azerikimya enterprises and Baku’s Heydar Aliyev Oil Refinery.
The modernization of the Baku refinery is scheduled for 2021, said Jafarov.
He went on to say that the number of local employees of SOCAR-KBR will be increased up to 200 in 2018.
Earlier, SOCAR and partners agreed to conduct engineering and design work to assess the construction of an additional production platform on the ACG contract area as part of the signing of a new agreement on the block’s development until 2050.
A contract for development of ACG block of oil and gas fields was signed in 1994. A ceremony to sign a new contract on development of the ACG block of oil and gas fields was held in Baku Sept. 14, 2017.
The new ACG participating interests are as follows: BP - 30.37 percent; AzACG (SOCAR) - 25 percent; Chevron - 9.57 percent; INPEX - 9.31 percent; Statoil - 7.27 percent; ExxonMobil - 6.79 percent; TP - 5.73 percent; ITOCHU - 3.65 percent; ONGC Videsh Limited (OVL) - 2.31 percent.
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