BAKU, Azerbaijan, Apr.23
By Leman Zeynalova – Trend:
Operations of the pipe laying barge Israfil Huseynov as part of the Absheron field project are going as per plan, JOCAP, the Joint Operating company of the Absheron field on behalf of Contractor Parties SOCAR Absheron and TOTAL E&P Absheron BV, told Trend.
“Due to adverse weather conditions, progress has been reduced in the recent weeks, however, with no significant impact on the completion target date. Activities resumed this week with pipe laying of Pipe in Pipe section. Operations are going as per plan, next week the PLBH will lightly change the configuration starting the Wet insulated pipe section,” said the company.
PLBH sailed away on 7th January and started to lay the 12in pipeline in the vicinity of Oil Rocks on 15th January.
Exploration, Development and Production Sharing Agreement for Absheron Perspective Structure was signed on February 27, 2009.
Contractor parties: SOCAR Absheron (50 percent) and TOTAL E&P Absheron B. V. (“TEPAb”) (50%). The Absheron project’s operator is JOCAP effective from 1st August 2018. JOCAP (Joint Operating Company of Absheron Petroleum B. V. ) is a non-profit Joint Operating Company established and equally owned by partners SOCAR Absheron and TEPAb for the development and production of the Absheron offshore block in full compliance with the Exploration, Development and Production Sharing Agreement for the Absheron offshore block in the Azerbaijani sector of the Caspian Sea signed between SOCAR, SOCAR-Absheron and TEPAb.
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