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Saipem updates on Absheron field activities

Oil&Gas Materials 12 May 2022 17:11 (UTC +04:00)
Saipem updates on Absheron field activities
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, May 12. Italian Saipem company is completing the procurement and construction for the Absheron URF (subsea Umbilical, Riser and production Flowline system) project in Azerbaijan, the company told Trend.

“The work includes engineering, procurement, construction, and installation of pipelines and umbilical systems in the Caspian Sea. The installation of the guide posts was completed in the first quarter of 2021, while the installation of the umbilicals is expected to be completed during 2022,” said Saipem.

For Bosshelf, in relation to the Absheron T&I (transportation and installation) project, where Saipem has been contracted for the installation of jackets and platforms, installation activities are scheduled throughout the year until the first half of 2022.

Exploration, Development and Production Sharing Agreement for Absheron Perspective Structure was signed on February 27, 2009.

Contractor parties: SOCAR Absheron (50 percent) and TOTAL E&P Absheron B. V. (“TEPAb”) (50 percent). The Absheron project’s operator is JOCAP effective from 1st August 2018. JOCAP (Joint Operating Company of Absheron Petroleum B. V. ) is a non-profit Joint Operating Company established and equally owned by partners SOCAR Absheron and TEPAb for the development and production of the Absheron offshore block in full compliance with the Exploration, Development and Production Sharing Agreement for the Absheron offshore block in the Azerbaijani sector of the Caspian Sea signed between SOCAR, SOCAR-Absheron and TEPAb.

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