Major events in Caspian countries' oil and gas industry for last week (Nov. 11-16)

Major events in Caspian countries' oil and gas industry for last week (Nov. 11-16)

Total announces start date for drilling appraisal well at Azerbaijani field

Drilling of the first appraisal well at the Absheron field in the Azerbaijani sector of the Caspian Sea is expected in 2017, Total E&P Azerbaijan's General Manager Christian Giudicelli announced at a conference entitled 'Caspian Oil and Gas Week', held in Baku.

"We hope that by early 2017 all contracts for the construction of the rig will be signed," he said.

Starting date of 3D-seismic survey at Gum Deniz field in Azerbaijan announced

In the final quarter of 2013, a three-dimensional seismic survey of the Gum Deniz offshore field in Azerbaijan will be launched, the President and Chief Executive Officer of Greenfields Petroleum Corporation, John Harkins said at a conference entitled 'Caspian oil and Gas week', held in Baku.

The Greenfields Petroleum Corporation which is a co-owner of Bahar Energy is the operator of the Bahar offshore field within a PSA agreement signed for the exploration, rehabilitation, development and production at the Bahar and Gum Deniz fields. It acts as its technical consultant.

Conducting such a survey in the field will take six months. The estimated cost of the work he said is $14.9 million.

Iran discovers 248 hydrocarbon fields in sedimentary basins

Iran has discovered 178 oil fields and 70 gas fields in its sedimentary basins across the country, the Shana News agency quoted National Iranian Oil Company's director for exploration, Hormoz Qalavand, as saying.

"Of the oilfields, 176 are at the Zagross and the Persian Gulf basins and two are at the central basin. Of the gas fields, 65 are at the Zagross and the Persian Gulf basins, two are at the central basin, and three are at the Kope Dagh basin," he explained.

In Kazakhstan's Kashagan field onshore parts of gas pipeline being uncovered

"Experts are investigating the root cause of the pipeline leaks. It is now anticipated that the inspections and investigations will take some weeks to conclude. The Kashagan oil and gas production remains shut in until the inspections are completed and results of the expert studies are available, and restart of the facilities can be carried out safely," NCOC (international consortium that carries out development in Kashagan field) press service reported.

"As a preventive measure sections of the onshore parts of the gas pipeline are being uncovered to allow a thorough visual inspection. The offshore part of the pipeline is being monitored using vessels and helicopters equipped with sensors to detect potential gas seeps. No anomalies have been detected. Until such investigations are completed it will be too early to discuss any possible remedial actions and time required to implement them," the report said.

Gas pipeline capacity project to China to be implemented in Turkmenistan

Turkmengaz State Concern and the Petro Gas LLP Company (UK), will sign a contract for the design and construction of a gas dehydration unit at the Bagtyyarlyk field in the Lebap region.

Turkmen President Gurbanguly Berdimuhamedov signed the relevant decree to increase the export volume of Turkmen natural gas to foreign countries.

The construction work is planned to be launched this month and commissioned in April 2015.
It was reported a week ago that the British company will obtain a contract for the communication infrastructure construction at the intersection of the second branch of the Turkmenistan-China gas pipeline with the River Amu Darya.

Both contracts are associated with increasing export gas to China.

Tethys launches project to increase oil production in Uzbekistan

Tethys Petroleum Ltd, registered in Guernsey (Channel Islands, Britain), has launched a project to increase oil production at Chegara group of fields in Uzbekistan's Bukhara-Khiva region, a representative of the Uzbekneftegaz National Holding Company (NHC) said.
According to the Uzbek sides estimates, the designed capacity of the output at the field may amount to 390 ton oil per day.

In addition, Tethys is committed to processing oil produced in Uzbekistan. The company will receive 50 per cent of the additional amount of oil as an income from the investments. It will also receive the right on the oil products produced from its share of oil, with their subsequent sale in the foreign market.

Memorandum on Tengiz field expansion in Kazakhstan signed

The Kazakh government and Tengizchevroil LLP (TCO) signed a Memorandum of Understanding (MOU) that sets out mutual commitments to progress TCO's plans to increase production of Kazakhstan's Tengiz field, a joint message of Kazakhstan's Oil and Gas Ministry and Tengizshevroil said.

The project envisages the increase of oil production in Tengiz field from 26 million tons to 38 million tons of oil per year, the message said.

Israel reports no COVID-19 death cases for 4 consecutive days
Israel reports no COVID-19 death cases for 4 consecutive days
Israel limits coronavirus cellphone surveillance to 'special cases'
Israel limits coronavirus cellphone surveillance to 'special cases'
Israeli anti-viral mask maker Sonovia eyes Nasdaq listing this year
Israeli anti-viral mask maker Sonovia eyes Nasdaq listing this year
Loading Bars
Azerbaijan may change compulsory car liability insurance rates
Volume of non-bank deposits up in Georgia
Solar panel stations commissioned in Iran's Ardabil Province
Singapore cuts 2020 GDP outlook again as virus batters economy
Ukraine's cargo transportation to Turkey increases
Iranian currency rates for May 26
Turkey records decrease in incoming tourists from Kazakhstan
China’s gasoline demand to return to last year’s levels soon
Turkey's export of goods to China cut almost in half
AzerGold opens tender to buy catering services
Turkey records drop of leather products export to Russia
Rouhani: Iran needs to realize all oil, petrochem projects as soon as possible
Masks too dangerous for children under two, Japan medical group says
Armenia violates ceasefire with Azerbaijan 26 times
Iranian president orders to accelerate railway, road projects
Weekly review of Georgian capital market
Revenues of Georgian Oil and Gas Corporation up
Georgian PM extends Ramadan congratulations to Muslims
Expert talks advantages of Iran's housing trade done via Mercantile Exchange
Public transport service may be resumed in Tbilisi in June
Regional Manager: IFC co-ops with Uzbekistan on planning of future projects
French tennis federation to set aside nine million euros to support professional circuit
Aussie police arrest pair over 400kg of meth stashed in hot sauce shipment
Brazil's Bolsonaro says he expects top court to end probe into his conduct over police
Japan gives up approving Fujifilm's Avigan drug for COVID-19 by May-end
5.2-magnitude quake strikes north of Levin, New Zealand
Singapore cuts 2020 GDP outlook for third time as virus batters economy
More African countries should heed UN call for global ceasefire: Guterres
Spain revises coronavirus death toll down by nearly 2,000
Siemens to initially keep 45% in Siemens Energy after spin-off: sources
Small aircraft crashes in Rome, one passenger missing
WHO suspends hydroxychloroquine, chloraquine trials as COVID-19 treatment
Second Iranian oil tanker enters Venezuelan water
Regeneron to buy back $5 billion stake held by Sanofi
Polish health minister denies wrongdoing in procurement spat
President Ilham Aliyev, First Lady Mehriban Aliyeva view restoration and conservation works at Pir Omar Sultan shrine in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva attend opening of orphanage-kindergarten No2 constructed on initiative of Heydar Aliyev Foundation in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva view conditions created at multi-apartment buildings constructed in Shamakhi (PHOTO/VİDEO)
President Ilham Aliyev, First Lady Mehriban Aliyeva view transport vehicles and special machinery allocated to Shamakhi district (PHOTO/VİDEO)
No alternative to renewable energy
Former UK PM Tony Blair questions Trump's leadership in coronavirus pandemic
Bosnian Premier League among worst in world for coach stability: survey
Philippines posts five new coronavirus deaths, 284 infections
Azerbaijan's E-PUL payment system grows user base, prepares new project
Azerbaijani Compulsory Insurance Bureau talks priorities in insurance market
Azerbaijani president, first lady view renovation work done on Pirsaat Baba shrine in Shamakhi (PHOTO/VIDEO)
Official talks latest status of Iran-India contract on Chabahar port
Iran expects domestic wheat production to reach 14 million tons
Iran to sell debt securities, to make up for budget deficit
Azerbaijan detects 149 new COVID-19 cases
Production of shoes surges in Azerbaijan
BSTDB, Development Bank of Austria to finance SMEs in Azerbaijan
Azerbaijani President Ilham Aliyev, First Lady Mehriban Aliyeva arrive in Shamakhi district (PHOTO/VIDEO)
TAP updates on compressor and metering stations
TAP: Offshore section not fully completed yet
Azerbaijan’s Finex Kredit talks about expansion of lending in agriculture
Kazakhstan cuts time on issuing certificates on import of perishable goods
Kazakhstan reveals state-backed funding measures for SMEs
Chairman of Kazakhstan’s Nuclear and Energy Supervision Committee appointed
Kazakhstan's Altynalmas starts commissioning its new gold recovery plant
National Iranian Oil Company reveals its debts to banks
Azerbaijani president congratulates Georgian president
Kazakh Tengizchevroil evacuates employees from field to prevent COVID-19 spread
Azerbaijani Agricultural Insurance Fund talks about shares of companies
Kazakhstan's Mangystaumunaigas oil&gas company reports net income decrease
Kazakhstan sets ceiling retail prices on commercial gas
Turkmenistan to establish Reserve Currency Fund
Geostat: Number of Georgian travelers taking trips abroad declines
Enhancing Ramsar Airport now allows Iran to receive bigger aircraft
Average monthly income up in Georgia
Iran to commission over 20 airport infrastructure facilities
Iran reveals its COVID-19 statistics for May 25
Indonesia reports 479 new coronavirus cases
Spain to welcome foreign tourists back from July
Malaysia reports 172 new coronavirus cases, most of them foreigners
Expert talks about ways to develop e-commerce in Azerbaijan
Iran sees 'no problem' with launching gas exports to Syria - minister
Georgia's COVID-19 cases climb to 731
Over 12K Georgian citizens brought home since COVID-19 outbreak
Iran hints at stopping export of gas condensate
Turkmenistan to receive loan from OPEC to support local businesses
Uzbekistan increases heat energy production
China supplies innovative drip irrigation technology to Uzbekistan
Uzbekistan increasing fuel production
Turkish president makes phone call to Azerbaijani president
TAV Airports look to turn Kazakhstan's Almaty into regional cargo hub
Turkmenistan, Turkey lay emphasis on co-op in trade, humanitarian sectors
Oil prices not to recover to pre-coronavirus levels as quickly as they fell
Kazakh national postal service operator to buy liquefied gas via tender
Uzbekistan lifts some restrictions to boost construction work countrywide
Azerbaijani oil prices for May 18-22
Iran's Khatunabad copper smelter’s production increases
Kazakhstan sees positive signs with its trade volume with Europe
Iran partially pays subsidies to construction company as part of Mehr Housing Project
Kazakhstan closes off Karachaganak field as COVID-19 cases reported
Iran- Iraq trade via Parviz Khan customs checkpoint resumes
MFA: Armenian PM’s congratulations on occasion of Ramadan - highest level of hypocrisy
COVID-19 cases in Uzbekistan increase to 3,180
FM: Azerbaijan, Turkey - together in joy and sorrow
Cement exports from Turkey to Kyrgyzstan fall sharply
All news