WorldOil Azerbaijan, co-venturers sign amended PSA for Azeri, Chirag and deepwater Gunashli The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and restated agreement on the joint development and production sharing (PSA) for the Azeri, Chirag fields and the deepwater portion of Gunashli field (ACG) in the Azerbaijan Sector of the Caspian Sea. New subsea construction vessel launched in Baku to support Shah Deniz Stage 2 The Shah Deniz consortium is pleased to announce the launch of the Khankendi - a new flagship vessel for the Caspian. The state-of-the-art subsea construction vessel has been specifically designed and built to install the biggest subsea production system in the Caspian Sea as part of the Shah Deniz Stage 2 project. Zenith Energy provides Azerbaijan field rehabilitation update Zenith Energy Ltd., the dual listed international oil and gas production company operating the largest onshore oilfield in Azerbaijan, is pleased to release an update regarding the progress of its field rehabilitation activities in Azerbaijan. Keppel to deliver semisubmersible to Caspian Drilling Co. in Azerbaijan Keppel Offshore and Marine, through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd., a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). Elite Control Systems awarded contract renewal for Chirag platform in Azerbaijan Elite Control Systems, a provider of systems integration services, has announced that once again a major oil and gas operator has renewed its contract with the company to provide a comprehensive process control software system and ongoing support in Azerbaijan. SOCAR, BP agree terms on future development of Azeri-Chirag-Gunashli field SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) have signed a Letter of Intent (LoI) for the future development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea. Total, SOCAR sign agreement to develop Absheron discovery Total and SOCAR, the national oil company of Azerbaijan, have signed an agreement establishing the contractual and commercial terms for the first phase of production from Absheron gas and condensate field. First Shah Deniz 2 platform jacket sent offshore The Shah Deniz consortium said Thursday that the jacket for one of the Shah Deniz Stage 2 platforms sailed away from the Heydar Aliyev Baku Deepwater Jackets Factory (BDJF) for offshore installation. SOCAR and BP sign agreement to explore Block D230 in Absheron basin, Caspian Sea The State Oil Company of the Azerbaijan Republic (SOCAR) and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. Shah Deniz partners award subsea installation contract The Shah Deniz consortium has awarded a $1.5-billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz stage 2 to the BOS Shelf, Saipem Contracting Netherlands and Star Gulf FZCO consortium.