A commission on cancellation of the Azerbaijan office of РЎhevron Overseas Exploration Limited has announced cessation of its activities on 8 February, Trend reports.
Further it is planned to remove the company from the registration and liquidate it. All appeals and inquiries can be submitted within 60 days. Earlier РЎhevron participated in the Absheron offshore field development project. Later the company refused from operations in connection with unreasonable volume of hydrocarbons. Partners in the Absheron project were US company ChevronTexaco (an operator) with 30%-stake, SOCAR with 50%-stake and French Total with 20%-stake. The capital investments in the project made up $3-4bln.