SOCAR Petrofac JV Secures New Caspian Contract
Petrofac, in a joint venture with the State Oil Company of the Republic of Azerbaijan, has secured a new contract valued at around USD 25 million to support the Azeri Central East project operated by bp in Azerbaijan. The scope of work includes the provision of Commissioning Technicians and other specialist personnel, mobilisation and associated services to support the project at both onshore and offshore work sites in-country.
The ACE project is the latest phase of development in the Azeri, Chirag and Deepwater Gunashli 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 first oil expected in 2023.