BAKU, Azerbaijan, Feb.8
By Leman Zeynalova – Trend:
Prior to tie-in activities to the AZNEFT PU Oil Rocks Facilities as part of the Absheron gas field project in Azerbaijan, many repair works had to be conducted, JOCAP, the Joint Operating company of the Absheron field on behalf of Contractor Parties SOCAR Absheron and TOTAL E&P Absheron BV, told Trend.
“Those works are ongoing and near completion. Tie-in works are already started and we expect the first cables and piping spools to start installation soon,” the company said.
JOCAP noted that the year 2022 is the corner stone for the project with the installation of all offshore structures and the completion of the tie-ins.
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 percent). 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.
---
Follow the author on Twitter: @Lyaman_Zeyn
