Azerbaijan News

Duncan Mallace, newly appointed Chief Strategy Officer, XOCEAN and James Ives, CEO, XOCEAN. (Photo: XOCEAN)

XOCEAN Acquires 4D Ocean

data, has recently delivered projects for clients including BP, Equinor, PX Group and the UK’s Maritime and Coastguard Agency. The services provided by XOCEAN include mapping the seabed, inspecting subsea structures and monitoring the environment.Currently XOCEAN has USVs in operation in the UK, Azerbaijan, Trinidad and Canada with plans to build an additional 22 USVs over the next 12 months and recruit an additional 140 employees to service the market demand.4D Ocean Founder and CEO, Duncan Mallace said “Both companies have been growing together at an unprecedented rate and it was obvious

Photo: XOCEAN

XOCEAN Secures $8.7 mln in Funding

the environment.XOCEAN’s Chief Financial Officer Karen May said “It is a really exciting time for the business as we scale. This new investment allows us to accelerate our growth with expansion into new markets internationally.”Currently XOCEAN has USV’s in operation in the UK, Azerbaijan, Trinidad and Canada with plans to build an additional 22 USVs over the next 12 months and recruit an additional 140 employees to service the market demand.Commenting on the funding, James Ives, CEO, XOCEAN said “We are experiencing very strong market demand for our services and this funding

(Photo: XOCEAN)

XOCEAN Attracts Funds for Global Growth

. This new investment allows us to accelerate our growth with expansion into new markets internationally.”Having delivered projects for clients including BP, Equinor, PX Group and the UK’s Maritime and Coastguard Agency (MCA), Irish-based XOCEAN currently has USVs in operation in the UK, Azerbaijan, Trinidad and Canada, with plans to build an additional 22 USVs over the next 12 months and recruit an additional 140 employees to service the market demand.James Ives, CEO, XOCEAN, said, “We are experiencing very strong market demand for our services and this funding will support our ambitious

Saipem Constellation (Photo: Saipem)

Saipem Wins Subsea Contract in Guyana

to safety, environment, innovation and cost efficiency are key to consolidate our position as one of the leading companies in the offshore subsea”.Furthermore, Saipem has been awarded certain variation orders for additional works linked to ongoing offshore E&C projects in Saudi Arabia, Azerbaijan and in the North Sea.The overall value of the above-mentioned contracts, together with the contract in Guyana, is worth approximately $880 million

(Photo: Saipem)

Saipem Wins BP Azerbaijan Job

Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan.Saipem has been a key contractor in this field since the 1990s. Located in the Caspian Sea at approximately 120 kilometers from the coast of Azerbaijan, the field extends over an area of more than 4,000 square kilometers and is one of the largest of its kind in the world.Specifically, two contracts are for pipeline design, pipelay and related activities, while the third is for transportation and

Image: Azerbaijan Caspian Shipping CSJC (ASCO)

2nd Stage Of Pipe Laying in Absheron Field Over

Azerbaijan Caspian Shipping CSJC (ASCO) announced that its vessels - Suleiman Vazirov and Yarenga - have completed the second stage of pipe laying work in the Absheron gas and condensate field located in the Azerbaijan sector of the Caspian Sea.According to the Azerbaijani shipping company, at this stage, an 8-inch pipeline with a length of 11,459 meters was layed in the Absheron area between jackets No. 23 and No. 57.Next stage includes pipe laying works at the Gas Separation Station No. 2 of the Bulla-Deniz field. It is planned to lay a pipeline with a length of 27 km.The Suleiman Vazirov pipe-laying

(Photo: Expro)

Expro Wins BP Extension

and services to the project.In 2014, Expro secured a five-year contract for the project, providing its Landing String Assembly – High Pressure (ELSA-HP) 15k valves in conjunction with its EXPRESS electro hydraulic control systems.Expro's new $5 million purpose-built facility in Baku, Azerbaijan will support the work. The facility opened Thursday will house 30 employees, encompassing both office and workshop space over 8,500 square meters.Neil Sims, Expro’s Vice President for Europe CIS region, said, “The investment in our new facilities allows us to grow our presence and deliver

Courtesy Subsea 7

Subsea 7 Wins Offshore Azerbaijan Deal

Subsea 7 S.A. announced the award of a contract by BP Exploration for the provision of subsea inspection, repair and maintenance (IRM) services on both the Azeri-Chirag-Gunashli (ACG) and Shah Deniz (SD) fields, offshore Azerbaijan. Under the terms of this five year agreement, the scope of work comprises the provision of a Life of Field support vessel complete with work class and observation class ROVs, capable of performing inspection, survey, intervention, light subsea construction, surface diving and emergency response services. The life of field support vessel will be supported by a Baku based

BP, SOCAR to Ink Caspian Sea Exploration Deal

of the deal will each have 50 percent of shares in the agreement," the source, who did not want to be named, told Reuters. Block D-230 covers areas in a water depth of up to 300 metres, with a reservoir depth of 3,000-5,000 metres. BP is a main investor and operator of two major projects in Azerbaijan - the Azeri-Chirag-Guneshli (ACG) oilfields, which account for most of Azerbaijan's output, and the Shah Deniz offshore gas field, which is estimated to contain 1.2-1.5 trillion cubic metres of gas.   Reporting by Nailia Bagirova; Writing by Margarita Antidz

The Central Azeri Platform. (Photo: Stuart Conway / BP)

25 More Years in the ACG Field

Statoil, together with co-venturers and the Azerbaijan Government sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA.   The Azerbaijan Government and the State Oil Company of the Republic of Azerbaijan (SOCAR) together with BP, Statoil, Chevron, INPEX, ExxonMobil, TPAO, ITOCHU and ONGC Videsh today sign the amended and restated Azeri-Chirag-Deepwater Gunashli (ACG) Production Sharing Agreement (PSA) which will be effective until the end of 2049. The agreement was signed today in Baku and is now subject to ratification by the Parliament (Milli Majlis) of the Republic of Azerbaijan.

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