Petrofac and the State Oil Company of the Republic of Azerbaijan (SOCAR) have been awarded a 12-month contract to support Total and SOCAR ’s Exploration & Production activities in Azerbaijan. The joint venture will supply Engineering and Technical Services in the Absheron natural gas field, located in the Caspian Sea. The fields reserves are estimated to be 326 billion cubic meters of gas and 108 million tons of condensate, according to Total. “Together with Total, we expect that this project will help us achieve our goal of diversifying our energy sources by 2030,” said CEO of Gazprom Neft, Alexei Miller. Baku, Azerbaijan, Aug.19 By Leman Zeynalova – Trend: Petrofac The contract has an option to extend.
Petrofac and the State Oil Company of the Republic of Azerbaijan (SOCAR) have been awarded a 12-month contract to support Total and SOCAR ’s Exploration & Production activities in Azerbaijan. The joint venture will supply Engineering and Technical Services in the Absheron natural gas field, located in the Caspian Sea. The fields reserves are estimated to be 326 billion cubic meters of gas and 108 million tons of condensate, according to Total. “Together with Total, we expect that this project will help us achieve our goal of diversifying our energy sources by 2030,” said CEO of Gazprom Neft, Alexei Miller. The contract has an option to extend.