SOCAR Petrofac, a joint venture between Azerbaijan oil company SOCAR and Petrofac, has secured a new contract valued at around 25 million US dollars to support the Azeri Central East (ACE) project of bp in Azerbaijan.
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 from a new platform. Construction works are currently in progress with the first oil expected in 2023.
“The Azeri-Chirag-Deepwater Gunashli block is the most profitable asset of Azerbaijan’s oil industry,” said SOCAR vice-president for HR, IT and regulations Khalik Mammadov. “Following the extension of the ACG contract until 2050, we initiated the construction of the modern ACE offshore platform to sustain the level of production. SOCAR is represented within AIOC, the operator of the project participating in this crucial project. Now our joint venture with Petrofac will also contribute to the ACE project as a service provider.”
“This latest contract award builds on our expanding footprint in-country,” added Patty Eid, Global Head of Petrofac’s Training Services and Board member of SOCAR Petrofac. “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 200 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.”