SOCAR Petrofac JV inks contract to support BP’s Caspian Sea project
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SOCAR Petrofac JV inks contract to support BP’s Caspian Sea project

25 Jun 2021 (Last Updated June 25th, 2021 11:20)

The JV will commission technicians and other specialist personnel to support work related to the Azeri Central East project.

SOCAR Petrofac JV inks contract to support BP’s Caspian Sea project
The JV will commission technicians and other specialist personnel. Credit: gloriaurban4 from Pixabay.

A joint venture (JV) of Azerbaijan’s State Oil Company (SOCAR) and Petrofac has secured a $25m contract to support BP-operated Azeri Central East (ACE) development project in the Caspian Sea, offshore Azerbaijan.

The contract involves the provision of commissioning technicians and other specialist personnel, mobilisation, and associated services.

The personnel would support the onshore and offshore work related to the project in the country.

Petrofac Training Services global head and SOCAR Petrofac board member Patty Eid said: “The SOCAR Petrofac JV is well-positioned to support bp’s operations more widely in the Caspian Sea.

“The development is already generating a significant number of jobs and our scope of work will involve the mobilisation of around 150 specialist personnel over the duration of the contract, and the provision of all associated support services, for the safe and successful performance of the commissioning work.”

The ACE project involves further development of the Azeri, Chirag, and Deepwater Gunashli (ACG) oilfield complex in the Caspian Sea.

Scheduled to start production in 2023, the Azeri Central East project is anticipated to produce 100,000 barrels of oil and 35 million cubic feet (Mcf) of gas per day.

SOCAR HR, IT and regulations vice-president Khalik Mammadov said: “I believe that the agreement we signed with bp today will give a serious impetus to both the development of the joint venture and lifting our partnership with bp to a new level.”

The ACE project is being developed jointly by BP (30.37%), SOCAR (25%), Chevron (9.57%), INPEX (9.31%), Equinor (7.27%), ExxonMobil (6.79%), Turkiye Petrolleri Anonim Ortakligi (5.73%), Itochu (3.65%), and Oil and Natural Gas Videsh (2.31%).

Last year, the Petrofac-SOCAR joint venture secured a contract from BP Azerbaijan to provide international payroll and personnel support services, including training services. The five-year deal was worth around $100m.