The Azerbaijan State News Agency

ECONOMY

Chirag Oil Project continues on schedule

Baku, March 9 (AZERTAC). COP (Chirag Oil Project) construction activities in 2010 and thus far in 2011 continued on schedule and according to plan, BP-Azerbaijan reports.

Since the project sanctioning in March 2010 COP has made very good progress with all major key contracts finalized and awarded for Construction and Marine activities

These awards maintain AIOC's commitment to optimize 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. Additionally, the contractors are encouraged to make maximum use of local subcontractors and the company expects over 30% of the total COP spend to be expended in Azerbaijan.

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