Total Signs Heads of Agreement with SOCAR for the Absheron Area in Azerbaijan

Source: www.gulfoilandgas.com 6/5/2008, Location: Asia

Total announces that it has signed a heads of agreement with Azerbaijan’s state-owned SOCAR, setting out the main terms of a production sharing agreement (PSA) for a license in the Absheron area. Total will be the operator of the Absheron Block, with 60% interest, SOCAR holding 40%. This block is located in the Caspian Sea, 100 kilometres from Baku, in a water depth of around 500 metres.

This latest exploration contract will strengthen Total’s ties with Azerbaijan. The company will continue to support the development of Azerbaijan’s oil and gas industry over the long term.


Norway >>  5/25/2022 - Equinor has made a new oil discovery in Snøfonn Nord, exploration well 7220/8-2 S, by the Johan Castberg field in the Barents Sea.

The well...

United Kingdom >>  5/20/2022 - UK Oil & Gas PLC is pleased to announce that West Sussex County Council ("WSCC") has approved, by a 7-2 majority vote, a 2-year planning permission ex...

United States >>  5/19/2022 - During testimony before the U.S Senate Committee on Energy and Natural Resources, Secretary of the Interior Deb Haaland confirmed that, despite delays...
Australia >>  5/17/2022 - Highlights • State Gas, in Joint Venture with Santos QNT Pty Ltd, appointed Preferred Tenderer of two new strategic gas exploration areas, PLR2021-1-...

Canada >>  5/16/2022 - Following the Call for Nominations for (Areas of Interest) in Eastern Newfoundland announced in January 2022, the Canada-Newfoundland and Labrador Off...
Norway >>  5/12/2022 - Neptune Energy Norge AS, operator of production licence 153, has concluded the drilling of appraisal wells 35/9-16 S and 35/9-16 A on oil and gas disc...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.