Australian company gets contract at Azerbaijan’s ACG

  08 February 2018    Read: 1528
Australian company gets contract at Azerbaijan’s ACG
Australian Benthic company has secured a contract for an offshore geotechnical investigation in the proposed Azeri Central East platform location at Azerbaijan’s Azeri-Chirag-Guneshli (ACG) block of oil fields in the Caspian Sea, said a message from Benthic.  

Under the contract, Benthic will execute the geotechnical scope of work from the Topaz Caspian Supporter in the first quarter of 2018.

“The Benthic Portable Remotely Operated Drill (PROD) will collect a number of geotechnical borehole samples and PCPT (piezometric cone penetration test) samples across the pipeline, platform and pipeline crossing location. Following the completion of offshore operations and laboratory testing, relevant geotechnical data reports will be prepared,” said the message.

However, the company didn’t specify the contract’s cost.

Earlier, SOCAR and partners agreed to conduct engineering and design work to assess the construction of an additional production platform on the ACG contract area as part of the signing of a new agreement on the block’s development until 2050.

A contract for developing the ACG field was signed in 1994. A ceremony to sign a new contract on development of the ACG block of oil and gas fields was held in Baku Sept. 14, 2017.

The new ACG participating interests are as follows: BP - 30.37 percent; AzACG (SOCAR) - 25 percent; Chevron - 9.57 percent; INPEX - 9.31 percent; Statoil - 7.27 percent; ExxonMobil - 6.79 percent; TP - 5.73 percent; ITOCHU - 3.65 percent; ONGC Videsh Limited (OVL) - 2.31 percent.

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