BP extracts first oil from platform in Caspian Sea

First oil has been extracted from an offshore platform operated by BP in the Caspian Sea. The West Chirag platform (pictured) is part of the Azeri-Chirag-Gunashli (ACG) field – which has produced more than 2.3 billion barrels of oil so far – and the overall Chirag Oil Project (COP). The oil capacity of the new […]

BP strikes 'biggest' gas deals in Caspian Sea

Energy giant BP and its partners have signed a long-term agreement to supply 10 billion cubic metres of gas a year (bcma) from a field in the Caspian Sea. Located offshore Azerbaijan, the Shah Deniz gas field’s (pictured, during construction) shareholders include the country’s state-owned SOCAR, France’s Total and Norway’s Statoil. They are working on […]