Azerbaijan
News
June 23, 2015
FMC Technologies has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $297 million in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, approximately 100 km south of Baku.
News
June 18, 2015
While Kazakhstan and Azerbaijan have added over 1 MMbpd to the world’s oil supply since 2005, the two countries are now diverging in their ability to grow production and influence global supply, according to an analyst with research and consulting firm GlobalData.
News
May 26, 2015
Drilling rig and oilfield equipment manufacturer Bentec has won three major, multi-million dollar contracts. The company also confirms its further expansion into the offshore market.
