Statoil

AIOC resumes oil production from platform at ACG after maintenance

The Azerbaijan International Operating Company (AIOC is the operator for the development of the Azeri-Chirag-Guneshli field) resumed oil production from the platform in the central part of the Azer

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Since 2001, SOFAR’s revenues from sale of profitable oil from ACG block exceeded $140 billion

Revenues to the State Oil Fund of Azerbaijan (SOFAR) from the sale of profitable oil from the Azeri-Chirag-Guneshli block (ACG) and condensate from the Shah-Deniz field in the first quarter of 2019

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Azerbaijani-German joint venture Turan Drilling & Engineering becomes BP contractor for projects in Azerbaijan, cost of contract - $500 million

The British company BP has signed a contract for drilling wells and design and engineering work in the Azerbaijani sector of the Caspian Sea worth $500 million, the press service of the company sai

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Equinor attracts CDC as drilling contractor to Karabakh field

Azerbaijani-American company Caspian Drilling Company (CDC) has become a contractor of Norwegian company Equinor for drilling operations.

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Equinor and Energy Ministry of Azerbaijan agree on cooperation in the field of renewable energy sources

The Energy Ministry of Azerbaijan together with Norwegian company Equinor will assess potential of renewable energy sources in Azerbaijan.

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Equinor invests in the Russian economy, despite sanctions

From 2014 to 2017, the Norwegian company invested more than $250 million in Russia.

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Equinor has purchased one third in a Rosneft’s subsidiary

The Norwegian Equinor (formerly, Statoil) closed a deal to buy a share at the level of 33.33% in the subsidiary of the Russian oil company Rosneft.

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Rosneft sells share in high-viscosity oil field in Siberia to Equinor

With a delay of several years, Rosneft has still managed to sell its stake in one of its large fields with hard-to-recover reserves.

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In spring of 2019, Equinor to start seismic survey at block of promising structures Ashrafi-Dan-Ulduzu-Aipara in the Caspian Sea

Norwegian company Equinor has planned to start seismic surveys on the block of promising structures of Ashrafi - Dan-Ulduzu-Aipara in the Azerbaijani sector of the Caspian Sea in mid-March 2019, it

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In 2019, AIOC to increase oil production at ACG block by 2%

Oil production at the Azeri-Chirag-Guneshli fields block (ACG) will be 30.9 million tons in 2019.

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