Statoil

In 2020, a platform to be installed for development of Karabakh field in Azerbaijan

In the second half of 2020, it is planned to start installing a platform for the development of the Karabakh field in Azerbaijan.

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Russian oil and gas companies to reduce their dividends by 25%

In 2020, Russian oil and gas companies will reduce their dividends by 25% compared to the previous year against the background of falling oil price

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SOCAR plans to start installing a platform for development of Karabakh field

In the second half of 2020, it is planned to start installing a platform for development of the Karabakh field in Azerbaijan.

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SOCAR and Equinor confirm discovery of Karabakh oil and gas field

Azerbaijan's SOCAR oil company and Norway's Equinor have confirmed the discovery of the Karabakh field.

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SOCAR expects to start drilling at Karabakh field in the Caspian Sea in the near future

SOCAR expects to launch a new production platform at the Karabakh field in the Azerbaijani sector of the Caspian Sea in the near future, the company reports.

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Has Gazprom put an end to Shtokman field?

Gazprom seems to have decided to put an end to the Shtokman field.

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Equinor plans to start exploration drilling on the Aipara structure in the Caspian Sea in the first quarter of 2020

The Norwegian company Equinor plans to start drilling of the first exploration well on the promising structure of Aipara in the Azerbaijani sector of the Caspian Sea in the first quarter of 2020, t

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Commercial sale of APG at the Kharyaginskoye field starts ahead of schedule

The first cubic meters of associated petroleum gas (APG) from the Kharyagisnkoye field have passed a commercial accounting unit and entered Usinsk gas processing plant of Lukoil-Komi for further pr

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AIOC resumes oil production from platform at ACG after maintenance

The Azerbaijan International Operating Company (AIOC is the operator for the development of the Azeri-Chirag-Guneshli field) resumed oil production from the platform in the central part of the Azer

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Since 2001, SOFAR’s revenues from sale of profitable oil from ACG block exceeded $140 billion

Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG) and condensate from the Shah-Deniz field in the first quarter of 2019

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