AIOC AWARDS SIX CONTRACTS FOR CHIRAG OIL PROJECT
Baku, July 9 (AZERTAC). The Azerbaijan International Operating Company (AIOC) announced the award of six key contracts amounting in total to some $814 million for the development of the Chirag Oil Project (COP) as part of the Azeri, Chirag and deepwater portion of the Gunashli (ACG) field development.
The contractors are BOS Shelf, which is a joint venture between a Saipem Group entity and SOCAR’s Baku Deepwater Jacket Factory (BDJF) named after Heydar Aliyev, the AMEC/Tekfen/Azfen (ATA) Consortium, Saipem Asia Sdn Bhd, a Malaysian company, Apply Leirvik Emtunga, a Norwegian/Swedish company, Kellogg Brown & Root, a US/UK company, KCA Deutag, a US/UK company
These awards maintain AIOC’s commitment to optimise the use of Azerbaijan’s local resources. The project is expected to consume around 9 million manhours during construction work with 90% of this work being undertaken in Azerbaijan and of this, around 80% will be carried out by local workforce.
The Chirag Oil Project is a $6bn development and is planned to increase oil production and recovery of an additional 360 million barrels of oil from the ACG field through a new offshore facility to be installed between Deepwater Gunashli and Chirag platforms
ACG participating interests are: BP (operator - 34.1%), Chevron (10.2%), SOCAR (10%), INPEX (10%), Statoil (8.6%), ExxonMobil (8%), TPAO (6.8%), Devon (5.6%), ITOCHU (3.9%), Hess (2.7%).
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