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Petrofac and Socar ink deal with BP in Azerbaijan

Petrofac and Socar ink deal with BP in Azerbaijan

Baku, December 16 - Neftegaz.RU. Petrofac and its joint venture partner Socar have announced a deal with BP in Azerbaijan and Georgia. The project management contractwill support both onshore and offshore activity for BP operated projects in the Caspian Sea area including Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC), South Caucasus Pipeline (SCP) and Western Route Export Pipeline (WREP).

Petrofac said the agreement was a three-year deal but would not announce a contract value. Mani Rajapathy, managing director, Petrofac EPS East, said: “We continue to expand our service offering in the region with our key partner Socar.

“Petrofac has been active in Azerbaijan for over 15 years, providing skills development opportunities and services across the country’s oil and gas and petrochemical industries, so this award further underpins our international presence. We have worked with BP previously in the region and we are well positioned and committed to providing safe, reliable and efficient support in the delivery of their significant projects moving forwards in Azerbaijan and Georgia.”

The joint venture agreement, which was announced in 2017, saw Socar take a 51% stake to Petrofac’s 49%. As part of the agreement the two firms announced they would seek to provide tested, contemporary training and educational services to Azerbaijan’s energy workforce.

Khalik Mammadov Vice President, SOCAR, said: “We have established a successful partnership with Petrofac that continues to flourish, the Joint Venture combines our respective experience, local knowledge and depth of capabilities.

“I am delighted with this latest award to support BP in the Caspian region, which has become one of the major oil and gas producing areas in the world.”

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