Oil major BP and Azerbaijan's state energy company SOCAR signed an agreemen...
FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo
The Azeri Central East platform, the latest phase of Azerbaijan’s giant Azeri-Chirag-Guneshli oilfields, is expected to produce 100,000 barrels of oil a day and cost $6 billion to build, the company said.The ACG fields, which have so far produced 3.5 billion barrels of oil, have the potential to yield another 3 billion barrels.
“ACE is central to those plans, adding 100,000 barrels per day of production at peak in the mid-2020s,” he said.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BP, SOCAR sign deal to invest in new Azeri oil exploration platformOil major BP and Azerbaijan's state energy company SOCAR signed an investme...
Weiterlesen »
BP, SOCAR sign deal to invest in new Azeri oil exploration platformOil major BP and Azerbaijan's state energy company SOCAR signed an investme...
Weiterlesen »
Italy's Eni signs exploration and production deal with Ras Al Khaimah emirateEni has signed an exploration and production sharing agreement with the emirate ...
Weiterlesen »
New York City Council embraces pillar of AOC's Green New Deal, passing building emissions billNew York City Council passes legislation that sets new building standards and aims to slash greenhouse gas emissions by 40% over 10 years.
Weiterlesen »
Colorado governor signs overhaul of oil and gas rules with focus on safety and environmentThe overhaul of Colorado oil and gas rules turns the focus away from encouraging production and directs regulators to make public safety and the environment their top priority.
Weiterlesen »
Russia, OPEC may ditch oil deal to fight for market share: Russian ministerRussia and OPEC may decide to boost production to fight for market share with th...
Weiterlesen »
Investors are placing buyout bets on oil drillers after Chevron-Anadarko dealShares of drillers with positions in the Permian Basin are on the rise following the tie-up, the sixth biggest oil and gas deal on record.
Weiterlesen »
Exclusive: Spain's Repsol suspends swap deal for Venezuelan oil under U.S. pressureSpain's Repsol has suspended its swaps of refined products for crude with V...
Weiterlesen »
Exclusive: Spain's Repsol suspended swap deal for Venezuelan oil under U.S. pressureSpain's Repsol suspended its swaps of refining products for crude with Vene...
Weiterlesen »
Cramer: Chevron's Anadarko merger won't be the only oil deal this yearJim Cramer explains why more mergers in the energy and oil space could be in the works.
Weiterlesen »
Mahindra signs deal with Ford Motor to make midsize SUVs in IndiaAutomaker Mahindra and Mahindra Ltd signed a deal with Ford Motor Co's Indi...
Weiterlesen »