Azerbaijan´s SOCAR and UK Petrofac secured $25 million Caspian contract
Petrofac, in its joint venture with SOCAR, had won a $25 million contract from BP for services at the Azeri Central East (ACE) platform in the Caspian Sea.
SOCAR Petrofac will provide around 150 workers.
Under the contract, the JV will provide commissioning technicians and other specialist personnel, and mobilisation and associated services, to support work both onshore and offshore in Azerbaijan.
The ACE project is the latest phase of development in the Azeri, Chirag and Deepwater Gunashli (ACG) contract area in Azerbaijan.
The project is designed to produce up to 100,000 barrels of oil per day.
Construction works are currently in progress with 1st oil expected in 2023.
Khalik Mammadov, SOCAR vice-president for HR, IT and regulations said:
The service sector has become one of SOCAR’s core activities in recent years
The JV we have established with Petrofac is already operating at full capacity, expanding its scope of operations and achieving new successes
I believe that the agreement we signed with BP today will give a serious impetus to both the development of the JV and lifting our partnership with bp to a new level
Read the latest issue of the OGV Energy magazine HERE.
Published: 24-06-2021
