Caspian oil wells fire extinguished
The fire at the oil wells on the platform #10 of Azerbaijan's offshore Guneshli field has been completely extinguished, spokesperson of the State Oil Company of Azerbaijan Nizamaddin Guliyev said. Guliyev noted that the work on extinguishing the fire is at the final stage.
A fire broke out on the offshore platform Dec. 4, as a strong storm damaged an underwater high-pressure gas pipeline.
KCA Deutag's Offshore, RDS businesses awarded major contracts in Azerbaijan
Leading global drilling and engineering contractor, KCA Deutag, has said it was awarded two contracts with BP Exploration (Caspian Sea) Limited (BP). The contracts have a combined value of approximately $360 million for the initial contract or $1 billion including all options, KCA Deutag reports.
The first contract has been awarded to our offshore division and is for the operations and maintenance of seven platforms operated by BP in the Caspian Sea pursuant to Production Sharing Agreements, said the company. These are the East, West and Central Azeri, Deepwater Gunashli, West Chirag, Chirag and Shah Deniz installations. The initial term is for three years with two three year extension options.
The second contract has been awarded to RDS, KCA Deutag's engineering and design specialist, and is for engineering support services on all drilling packages for projects in the Caspian Sea that are operated by BP from the Azerbaijan, Georgia and Turkey Region. This contract is effective from Dec. 1, 2015 to Sept. 30, 2017 with two extension options of one year each."
Snam becomes shareholder in TAP
Italian Snam S.p.A. has completed its acquisition of Statoil's 20-percent interest in the Trans Adriatic Pipeline (TAP) project, said the message on TAP's official website.
As a result, TAP's shareholding is now comprised of BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent).
Having Snam in the project will continue to enhance TAP's strategic position as a truly European project that will transport a new source of gas to the continent's energy markets, according to Ian Bradshaw, Managing Director for TAP.
TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe.