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1927

BP awards key contracts for $6 billion worth Caspian Sea project


Baku, September 17 - Neftegaz.RU. BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea. Some of the construction activities have already started and will run through mid-2022.

The $6 billion development includes a new offshore platform and facilities designed to process up to 100,000 barrels of oil per day. The project is expected to achieve 1st production in 2023 and produce up to 300 million barrels over its lifetime.

The contract for the fabrication of the jacket for the ACE platform and skirt piles has been awarded to the consortium consisting of BOS Shelf and Star Gulf FZCO. The value of this contract is around $260 million.The construction works have already started and are expected to be completed in 2021.

The 2nd contract is for the fabrication and integration of the topsides unit for the ACE platform. This contract was awarded to Azfen in July 2019. The value of the contract is more than $486 million. The construction works under this contract have already started and are expected to be completed in 2022.

The topsides drilling facility engineering, procurement, and construction supervision contract has been awarded to National Oilwell Varco (NOV) (USA). The value of this contract is more than $151 million.

The contract for engineering, procurement and construction of the living quarters for the platform has been awarded to Emtunga Solutions AB (Sweden). The value of this contract is around $34 million. The works under this contract have already started with completion expected in 2022.

The contract for execute engineering has been awarded to the SOCAR-KBR joint venture. The value of this contract is more than $76 million.

The contract for the freight management services was awarded to Transglobal Projects (TGP) in August 2019 as part of the Regional Master Agreement.

Ewan Drummond, BP vice president for projects, said: “BP as operator is pleased to announce the 1st package of key contracts awarded to execute the ACE project safely, efficiently and on schedule. As we celebrate the 25th anniversary of the ACG contract it is worth emphasizing that one of the main achievements of ACG is the high level of local content in our projects which the ACE contract awards show clearly.

“These contract awards once again highlight the ACG partnership’s commitment to optimizing the use of Azerbaijan’s local resources. Construction activities, which have commenced this year and will run through mid-2022, are taking place in-country utilizing local resources and it is expected that, at peak, construction works will create up to 8,000 jobs.”

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