Major events in Caspian countries' oil and gas industry for last week (Oct. 30- Nov. 3)

ACG deal extended until 2050

The agreement on development of Azeri, Chirag and Gunashli (ACG) fields together with foreign companies has been extended until 2050.

A plenary session of the Azerbaijani parliament discussed the draft law on adopting, approving, and issuing permission to implement the Agreement on Joint Development and Production Sharing for the Azeri and Chirag Fields and Deep Water Section of the Gunashli Field in the Azerbaijani Sector of the Caspian Sea, signed by SOCAR’s AzACG, BP Exploration (Caspian Sea) Limited, Chevron Khazar Ltd., Exxon Azerbaijan Limited, INPEX Southwest Caspian Sea Ltd., ITOCHU Oil Exploration (Azerbaijan) Inc., ONGC Videsh Limited, Statoil Absheron, and TPAO.

Following the discussions, the agreement was approved by voting.

SOCAR inks co-op deal with US consulting firm

Azerbaijan’s state oil company SOCAR and the US-based consulting firm DeGolyer and MacNaughton, focused on the petroleum industry, signed a cooperation agreement, SOCAR said in a message.

The contract was signed in Baku following a meeting of SOCAR President Rovnag Abdullayev and President of DeGolyer and MacNaughton John Wallace.

The agreement envisages analysis and technical support to improve the efficiency of field development and production at SOCAR’s oil and gas fields. The document was signed by Rovnag Abdullayev and Senior Vice President of DeGolyer and MacNaughton Martin Wiewiorowski.

According to the signed document, DeGolyer and MacNaughton will provide services on effective management of oil and gas facilities at SOCAR’s fields that had been used for a long time.

For this purpose, DeGolyer and MacNaughton will review the plans on development of 20 fields, prepare recommendations for increasing production and oil recovery rate, reducing costs of oil production, defining short-term strategic goals, and will participate in their implementation.

TAP awards software contract for operational phase

Trans Adriatic Pipeline (TAP) AG has selected PSI Software AG as the provider of the Commercial Dispatching Software (CDS), the consortium said in a message on its website.

The PSI software will enable TAP to perform its commercial dispatching activities for the transport of natural gas.

The CDS supports TAP’s business processes, which include managing transportation contracts, nominations, matching and balancing positions, allocations, and ensuring smooth communication between TAP, its shippers and the adjacent Transmission System Operators (TSOs).

The CDS is also part of TAP’s Supervisory Control and Data Acquisition (SCADA) telecommunications and security systems contract, awarded in December 2016 to Honeywell.

“While our construction activities are progressing further every day, in parallel, we are ensuring that the pipeline is ready for operations from the day Shah Deniz II gas deliveries begin for European markets,” said Ulrike Andres, Commercial and External Affairs Director at TAP.

TAP is a part of the Southern Gas Corridor which is one of the priority energy projects for the EU. TAP project envisages transportation of gas from the Stage 2 of development of Azerbaijan's Shah Deniz gas and condensate field to the EU countries.

The pipeline will be connected to the Trans-Anatolian Pipeline (TANAP) on the Turkish-Greek border, run through Greece, Albania and the Adriatic Sea, before coming ashore in Italy's south.

TAP’s shareholders are: BP (20 percent), State Oil Company of Azerbaijan (20 percent), Snam (20 percent), Fluxys (19 percent), Enagas (16 percent) and Axpo (5 percent).

SOCAR plans to use Azerbaijan’s big drilling rig in 2018

Azerbaijan’s state oil company SOCAR plans to use the country’s big ‘Dede Gorgud’ floating semi-submersible drilling rig, which is in conservation mode, in drilling operations in the Caspian Sea in 2018, a senior SOCAR representative told Trend.

The source said that SOCAR has specific plans for using it the next year, but it has not yet been determined in which of the projects the drilling rig will be used. “We are currently working on a full-scale project for the development of the Umid gas field, reviving the development of the Karabakh field. Moreover, the government approved a plan for drilling an exploration well on the promising Babek structure, so there are options,” noted the SOCAR representative. The representative added that regardless of the structure of the contract on development of the Umid-Babek block, the main task of SOCAR is to ensure the optimal development of the already explored deposit and to ensure exploratory drilling on promising structures.

“Babek is a very promising structure, so it is strategically important to drill a well there and then transfer reserves from the perspective category to the “C2” category (reserves of explored deposits of complex geological structure and poorly explored reserves) and then think about the development plan,” said SOCAR representative.

Earlier, ‘Dede Gorgud’ floating semi-submersible drilling rig conducted drilling operations on the Azeri-Chirag-Gunashli block of oil fields under the contract with BP. The ‘Dede Gorgud’ floating semi-submersible drilling rig, built in 1980, can work at a depth up to 500 meters, while the depth of drilling operations reaches 6,100 meters. The Caspian Drilling Company (CDC, 92.44 percent of which is owned by Azerbaijan’s state oil company SOCAR) is the operator of the ‘Dede Gorgud’ drilling rig.

Iran reveals details of exports through Bandar Lengeh County
Iran reveals details of exports through Bandar Lengeh County
Projects within Industrialization Map framework being implemented in Kazakhstan's Akmola
Projects within Industrialization Map framework being implemented in Kazakhstan's Akmola
Overview of events in agricultural sector of Azerbaijan for last week of November
Overview of events in agricultural sector of Azerbaijan for last week of November
Loading Bars
Argentine prosecutors investigate death of soccer star Maradona
Performances results of Azerbaijani gymnasts at European Championships in rhythmic gymnastics unveiled
Iran reveals details of exports through Bandar Lengeh County
Projects within Industrialization Map framework being implemented in Kazakhstan's Akmola
Overview of events in agricultural sector of Azerbaijan for last week of November
Activities on provision of Russian peacekeeping contingent held (PHOTO/VIDEO)
Iran boosts manufacturing of passenger cars
UAE cabinet approves new cybersecurity body, climate change envoy
Geostat reveals volume of ferroalloys exported by Georgia to Turkey
Bahar Azadi gold coin price still falling in Iran
Kazakhstan continues introduction of mobile diagnostic tools in railway sector
Azerbaijan, Uzbekistan discuss possibilities of attracting investors to Azerbaijani territories liberated from occupation
Britain expects 'very significant' week for Brexit talks as clock ticks down
Iran declares cargo transportation from Sistan and Baluchestan Province
Death toll from COVID-19 tops 172,000 in Brazil
Chinese companies to process Uzbek garlic for further export to US and European countries
Turkey's export of grain, legumes to France declines
Iran reveals its COVID-19 data for November 29
Details of Iran’s trade turnover announced
EU aims to support Georgia in its efforts to reform electricity market
Azerbaijan confirms 4,170 new COVID-19 cases, 1,985 recoveries
5.5-magnitude quake hits Vanuatu
Azersu LLC announces tender for purchase of equipment for laboratory
Kazakhstan's import of Turkish cement up
Azerbaijan shows footage of Aghdam's Shahbuldag village (PHOTO/VIDEO)
Expenses on construction of enterprises in Iran’s Isfahan Province increases
Number of enterprises launched in Iran's Ilam Province shrinks
Turkmengas opens tender for maintenance of gas turbine generators
At least 30 police killed, over 20 wounded in suicide car bomb explosion in E. Afghanistan
Georgia reports 4 426 new coronavirus cases, 3 721 recoveries, 35 deaths
Over 5,500 patients recover from coronavirus in Moscow in the past day
Azerbaijan shows footage of liberated from occupation villages of Kalbajar region (PHOTO/VIDEO)
China increases import of Turkish cars
Employment in Iran's Alborz Province declines
The President of Turkmenistan receives representative of medical community of Germany
S. Korea reports 450 more COVID-19 cases, 33,824 in total
Azerbaijan's turnover on payment cards in 10M2020 up
Inter-Agency Coordination Council discusses enforcement of Covid restrictions
Azerbaijan has ample opportunities and potential for artificial intelligence dev't
Trump may announce plans for 2024 presidential race during Biden’s inauguration
826 more coronavirus cases recorded in Kazakhstan over 24 hours
France sees further fall in COVID-19 hospitalizations as lockdown exit starts
Turkey's Temsa makes 1st electric bus exports to Sweden
Iran registers monthly positive trade balance
Scottish dev’t agency eyes establishing co-op with companies in Uzbekistan’s Karakalpakstan
Croatian PM in self-quarantine after wife contracts COVID-19
UK records another 15,871 coronavirus cases with 479 deaths
Some 46,000 people gather in Paris to protest against security bill
Kazakhstan to modify large energy saving projects on railways
Severe fire danger for Australia as temperatures smash records
Dozens of Boko Haram militants killed in Nigeria airstrikes
Pope installs new cardinals, including first African-American
WHO reports new daily record high of over 747,000 COVID-19 cases
UK police arrest 155 in anti-lockdown protests in London
Assistant to Azerbaijani president posts footage from Tartar, Aghdam cities
UK, France sign new deal to stop illegal migration across Channel
Iran discloses electricity generation at Iran's Bandar Abbas TPP
Turkey reports 6,714 new COVID-19 cases, 487,912 in total
Zarif: Iran at forefront of fighting terrorism
Georgia takes necessary steps to avoid increase in bread prices
Ethiopian military has taken 'full control' of Tigray capital, government says
Iran’s Bahar Azadi gold coin price continues to fall
Weekly review of Azerbaijani precious metals market
Kazakhstan raises import of grain, legumes from Turkey
Buy/sell operations at Iran Mercantile Exchange revealed
AP publishes article covering Armenian missile attack on Azerbaijan’s Ganja on Oct.17 (PHOTO/VIDEO)
OIC adopts resolutions in connection with Armenia's aggression against Azerbaijan
President, members of Board of European Muslim Forum send letter to President Aliyev
Aghdam district of Azerbaijan after 27 years of Armenian occupation (VIDEO)
Kazakhstan to bring waste processing level to average European level
UK appoints minister in charge of COVID-19 vaccine rollout
Number of blocked malware in AzStateNet network drops
Airport in Uzbekistan to buy auto parts via tender
Iranian Energy Exchange announces products to be on sale November 29
Azerbaijani team takes third place in group exercises at 36th European Rhythmic Gymnastics Championships
At least 6 killed in Somali capital suicide bombing
Microsoft Azerbaijan to support all initiatives in liberated territories of Azerbaijan
Azerbaijan shows footage of Kalbajar's Vang village (VIDEO)
Police fire tear gas at Paris protest against police violence
Electricity imports growing in Georgia
Cargo, passenger traffic via Turkish Sabiha Gokcen Airport slumps amid pandemic
Uzbek-Korean JSC Uz-Dong Won Co. announces tender for steel pipes supply
Cargo transportation at Turkish Antalya airport reduces
Austria records nearly 1,000 COVID-19 deaths over past 10 days
State Employment Agency of Azerbaijan opens tender on supporting start-up projects
Results of Azerbaijan's junior national team performance at 36th European Rhythmic Gymnastics Championships announced
Details of Iran’s exports to Iraq declared
Azerbaijan reports 4,212 new COVID-19 cases, 1,760 recoveries
Four citizens dead as result of mine exploding in Fuzuli - Azerbaijani Prosecutor General's Office
Kazakhstan's export volumes to China surge despite COVID-19
Assistant to Azerbaijan's president, diplomats, Garabagh FC representatives visit Aghdam Mosque (PHOTO)
Turkmenistan committed to promoting socio-economic development of Afghanistan
Georgian oil companies seek to avoid price increases
Tender for maintenance of elevators, escalators launched in Turkey
Azerbaijan's ten-month output of oil products declines
Turkey's export of grain and legumes to Turkmenistan up
Turkmenistan, Belarus discuss program of cooperation
Iran reveals its COVID-19 data for November 28
Azerbaijani president's assistant, diplomatic corps reps arrive at liberated Aghdam city
Rural digitalization project successfully underway in Kazakhstan
All news