BAKU, Azerbaijan, Aug.5. During the second half of the year 2022 activities as part of the Absheron field project in Azerbaijan will move offshore with the installation of the platform elements and bridges and the hook up, JOCAP, the Joint Operating company of the Absheron field on behalf of Contractor Parties SOCAR Absheron and TOTAL E&P Absheron BV told Trend.
“In the yard, BOS Shelf is finishing the fabrication of the remaining structure (flare boom) and JOCAP finished the commissioning of the Technical Building which is to be loaded out Offshore on the platform,” said the company.
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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