Major events in Caspian countries' oil and gas industry for last week (Dec. 23-27)

Analysis Materials 30 December 2013 13:54 (UTC +04:00)

New contract on Shah Deniz-2 project awarded

The Shah Deniz partnership has awarded its next major contract for Stage 2 development of the Shah Deniz gas field in the Caspian Sea.

The contract for provision of detailed engineering, project management and procurement support services for the Shah Deniz Stage 2 project has been awarded to KBR.

The value of the contract is 365 million dollars. The work under this contract is planned to commence in January 2014 with completion expected in 2018.

The scope of work for this contract includes offshore engineering design support for Shah Deniz Stage 2 offshore complex consisting of two bridge-linked platforms; onshore engineering design support services for the onshore gas processing facility at the Sangachal Terminal consisting of two gas processing trains with 900 million cubic feet per day (mmscf/d) - capacity each and condensate processing facilities with about 105,000 barrels per day capacity; provision of procurement services.

SOCAR to continue Georgia's gasification process until 2017

SOCAR will continue providing Georgian regions with gas until 2017. The gasification process will be continued as part of the memorandum signed with the Georgian government on Dec. 24.

The memorandum was signed by SOCAR head Rovnag Abudallayev, Georgian Minister of Economy Irakli Kvirikashvili and Minister of Energy Kakha Kaladze.

SOCAR will provide an additional 100,000 households with gas in Georgia as part of a new agreement until 2017.

Moreover, the country's gasification plan for 2014 has been worked out.

Turkmenistan's hydrocarbon resources to remain in state property

Turkmenistan's hydrocarbon subsoil will remain in state property, according to the law on denationalization and privatization of state property which took effect in Turkmenistan.

"Subsoil, forest fund, water resources, airspace, territorial waters and resources of marine economic zone cannot be the objects of denationalization and privatization of state property," according to the second paragraph of Article 6 of the law.