News Archive

26 May 2016

Schlumberger’s presentation held at BHOS

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Presentation related to summer camp to be organized by Schlumberger on July 17-22, 2016 in Baku was held at Baku Higher Oil School (BHOS). Second, third and fourth year students from petroleum engineering, chemical engineering and process automation engineering of the higher school participated at the event. Asset Iskakov, Schlumberger Caspian Recruiting and University Relations Manager informed BHOS students about the summer camp, its weekly intensive programme, selection phases, admittance terms including activities of the company, the services Schlumberger offers in the petroleum field of the Caspian region and other activities. The presentation proceeded with questions and answers session. Then the first selection phase to recruit the students willing to join summer camp started. The students who successfully pass the further phase will join the summer camp. The students distinguished during the summer camp will get job offers. In general, 16 students representing diverse higher educational institutions expected to attend the summer camp.

25 May 2016

SOCAR, UNIPER establish cooperation

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On May 25, SOCAR and UNIPER, Germany held third meeting of the Coordination Committee in Sumgayit. Rovnag Abdullayev, SOCAR President, Klaus Schäfer, CEO, UNIPER and other officials attended the meeting. The companies presented joint projects for training of highly qualified specialists and new projects of “Azerikimya” and then signed an agreement on new joint venture SOCAR-UNIPER Ltd, 51% of which belongs to SOCAR, 49% to UNIPER. They also signed an engineering design agreement on steam turbo-generator unit for enhancing energy effectiveness of steam generator complex of the Ethylene-Polyethylene Plant. The officials attended the groundbreaking of steam turbo-generator unit.

SOCAR President Rovnag Abdullayev visited SOCAR Polymer plant constructed within the Sumgayit Chemical Industrial Park to see the development of engineering, purchase and construction work there. SOCAR President said he was pleased to see young Azerbaijani specialists, alumni of Cambridge, Newcastle and Toronto universities among the project managers. Then Rovnag Abdullayev visited the construction site of nitrogen fertilizers plant where 71% of engineering and purchasing work was completed. The constructors promised to complete the work until the end of 2017 and put in commission within the first quarter of 2018. SOCAR President expressed satisfaction with the development of the project and made recommendations.

24 May 2016

SOCAR and BP sign MOU to explore block D230 in North Absheron basin

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On May 24, 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. On this occasion, the companies made following announcement: As part of the government’s plan to ensure that all of Azerbaijan’s offshore waters are fully explored this MOU gives BP the exclusive right to negotiate an agreement with SOCAR to explore and develop block D230.

The MOU was signed in Baku today by Rovnag Abdullayev, President of SOCAR, on behalf of the government of the Republic of Azerbaijan, and Gordon Birrell, BP’s Regional President for Azerbaijan, Georgia and Turkey.

Mr Rovnag Abdullayev said: “SOCAR and BP are linked with a long history of an effective partnership. In Azerbaijan, BP has been the main investor and operator of great projects of regional and global significance. The relationships between the two companies have continued to grow. We have achieved successful results in all projects we have cooperated in. Today we are signing a new Memorandum of Understanding which will lay the foundation of a new offshore project. This will become another opportunity underpinning our long-term relationship with BP.”

Mr Birrell said: “This is an important day for both Azerbaijan and BP. It continues the cooperation that will enable us to work together to ensure the long term future for Azerbaijan’s oil and gas production through exploring new opportunities. Based on our extensive experience in exploration around the world and our expertise based on the best technology available in the industry, we look forward to this new opportunity and are committed to contribute to maintaining oil production in Azerbaijan for many decades.”

Block 230 covers areas in a water depth of up to 300 metres with the reservoir depth of 3000-5000 metres.

23 May 2016

SOCAR hosts Petronas delegation

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On May 23, SOCAR President Rovnag Abdullayev held a meeting with a delegation of Petronas, Malaysia, led by Senior Vice President of the company Mohamad Johari Dasri. Rovnag Abdullayev welcomed the guests and congratulated Mr. Dasri on his new appointment. He emphasized the useful bilateral relations and developing cooperation between SOCAR and Petronas. Mohamad Johari Dasri expressed satisfaction with his company’s joining Shah Deniz-2 project and said this project had a great importance for his country. He said they have followed the achievements of Azerbaijan’s oil and gas industry with interest. SOCAR president informed the guests about the development of Shah Deniz project and said the consortium partners endeavored best efforts to complete work successfully and according to the schedule. Mr. Abdullayev informed about the progress of the Southern Gas Corridor and recent groundbreaking of Trans-Adriatic Pipeline, one of the segments of the corridor. He said these processes would allow the transportation of first gas volumes to Turkey in 2018.

The officials discussed other issues within the interest of both sides.

20 May 2016

Azneft expands cooperation with foreign companies

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SOCAR Vice President for Field Development Yashar Latifov, Azneft Production Enterprise CEO Dashgin Iskanderov and representatives of the foreign companies operating in Azerbaijan, including Total, ENGIE E&P International, visited the Oil Rocks. They paid tribute to the memory of National Leader of Azerbaijan Heydar Aliyev and laid flowers at his memorial. Then the delegation had a look at the first Oil Rocks well drilled in 1949 and got information about the scenes from James Bond series, The World is Not Enough, shot in the Oil Rocks. The officials of energy companies had a look at the gas-turbine generator set, compressor unit and gas-absorption plant of “28 May” Oil and Gas Production and held a large meeting with the heads of the departments of the Production Enterprise to discuss current situation and prospective development of the fields and the issues of expanding cooperation with the foreign companies.

19 May 2016

BHOS representative attends International Conference

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Prof. Ramiz Humbatov, Vice-Rector for Training, Science and International Relations of Baku Higher Oil School (BHOS) attended the 12th Conference of the Rectors from the Black Sea Region (BSUN) on “Changing Role of University in a Global and Regional Context” that took place in Tbilisi, Georgia, on 12-15 May 2016. He made a report on the new approach in training of specialists at the conference. He spoke about the higher school’s history, vision and mission, the education process, integration of teaching and practical experience for students, involving them in scientific activity, achievements in the course of four years. Prof. Humbatov and Dr. Wilhelm Krull, Secretary General of Volkswagen Foundation, discussed the opportunities of involvement of BHOS young lecturers in doctorate programmes offered by various German universities and reached certain agreement. During the following sessions, representatives from Georgia, Turkey, Greece, Albania, Romania, Bulgaria, Ukraine and Russia made reports on the new approaches related to social and cultural dialogues, support to innovation related activities for sustainable management of reserves, the university role as an initiative center to support innovations in the society in the Black Sea Region.

18 May 2016

SOCAR President held meetings in Tashkent

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SOCAR President Rovnag Abdullayev attended the opening ceremony of the 20th Anniversary International Conference “Oil&Gas; of Uzbekistan” in Tashkent. SOCAR joined the anniversary exhibition, which gathered more than 200 companies from 26 countries. Rovnag Abdullayev held a series of meetings within the framework of the conference. During the meeting with Bulgarian Prime Minister Boyko Borisov, SOCAR President said he arrived in Tashkent from Thessaloniki where he attended the Trans-Adriatic Pipeline (TAP) groundbreaking ceremony, the important event toward the implementation of Southern Gas Corridor project. Emphasizing the importance of TAP project, Boyko Borisov wished successes to TAP shareholders, including SOCAR.

The development of bilateral relations between Azerbaijan and Uzbekistan, the prospects of energy cooperation, the possibilities for cooperation between SOCAR and “Uzbekneftegaz” were in the focus of attention during the meetings with Gulomjon Ibragimov, Deputy Prime Minister of Uzbekistan and Alisher Sultanov, Chairman, Board of Management, “Uzbekneftegaz” National Holding Company. SOCAR and “Uzbekneftegaz” signed the Memorandum of Understanding on exploration and development of oil and gas fields and other issues of energy cooperation.

17 May 2016

Trans Adriatic Pipeline Holds Ceremony to Mark Start of Construction

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Thessaloniki, Greece. Under the auspices of Alexis Tsipras, Prime Minister of the Hellenic Republic, the Trans Adriatic Pipeline (TAP) marked the start of construction of the pipeline project. The significance of TAP as a strategic piece of the Southern Gas Corridor infrastructure, which will bring initial volumes of gas from Azerbaijan to Europe, was underlined by the presence of the Prime Minister of Georgia Georgi Kvirikashvili, the First Deputy Prime Minister of Azerbaijan Yaqub Eyyubov, the Deputy Prime Minister of Albania Niko Peleshi, the EU Vice President for Energy Union Maroš Šefčovič, the US Special Envoy and Coordinator for International Energy Amos Hochstein, the Minister of Energy of Turkey Berat Albayrak, the Minister of Economic Development of Italy Carlo Calenda, the Minister of Energy of Bulgaria Temenuzhka Petkova, as well as the Switzerland State Secretary Federal Office of Energy Walter Steinmann.

The Prime Minister of the Hellenic Republic, Alexis Tsipras, stated amongst others in his speech: “The beginning of construction for the Trans Adriatic Pipeline, TAP, is taking place at a pivotal time for the Greek economy and our wider region. With regard to the project’s financial aspect, ensuring Europe’s energy supply as well as diversifying its energy sources and routes constitute the foundation stone of both our country’s energy strategy and the overall European planning.”

“As for its geo-strategic aspect, this project can contribute to energy becoming a bridge of collaboration and prosperity for everyone in our region.”

Shareholders from BP, SOCAR, Snam, Fluxys, Enagás and Axpo and over 300 high-level guests attended the event. The ceremony concluded with the signing of a pipe casing.

Ian Bradshaw, Managing Director at TAP, commented: “Today’s event marks a major milestone for the Trans Adriatic Pipeline, our shareholders and for the energy landscape of Europe. After winning the bid in 2013 and working diligently to prepare for this moment, we are delighted to have started constructing the pipeline - a strategic project for Europe transporting new sources of Caspian gas via a new route commencing in 2020 and for years to come.”

“Our commitment to this project along with the endorsement of all parties present here today will help ensure that we deliver gas to European markets on schedule, bringing significant economic benefits to both our host countries and the countries where Caspian gas will be sold. TAP will also help integrate and diversify Europe’s energy supply, making a significant contribution to improving its energy security.”

In the context of the inauguration ceremony, the Greek Minister of Environment and Energy Panos Skourletis stated, regarding the overall significance of the project: “Today, we have proceeded from the concept of a very significant energy project of global impact, to its implementation. We go from theory to practice, in order for Greece to set a new course entailing growth for all. TAP’s importance transcends our country’s geographical borders and the short-term timeframe. It constitutes a special kind of infrastructure pertaining to the energy sector, which can support great endeavours and long-term plans. We will continue towards that direction, in order for this type of energy infrastructure to enable further support to everyone’s development efforts, as well as Greece’s dynamic interaction with the other countries of either energy flows or needs”.

The 48 inch diameter[1] Trans Adriatic Pipeline, which constitutes the European leg of the Southern Gas Corridor, is a gateway project that will deliver 10bcm/a of new Caspian gas supplies to Europe from 2020.



ENDS

In attendance:

A. Delegations

Greece - Prime Minister Alexis Tsipras, Minister of Environment and Energy Panos Skourletis, Minister for Economy, Development and Tourism Giorgos Stathakis, Minister of Infrastructure, Transport and Network Christos Spirtzis, Deputy Minister of Foreign Affairs Ioannis Amanatidis, Deputy Minister of Foreign Affairs Dimitris Mardas, Deputy Minister of the Interior for Macedonia/Thrace Maria Kollia-Tsaroucha

Albania - Deputy Prime Minister Niko Peleshi and Minister of Energy and Industry Damian Gjiknuri

Azerbaijan - First Deputy Prime Minister Yaqub Eyyubov and Minister of Energy Natig Aliyev

Bulgaria - Deputy Prime Minister Tomislav Donchev and Minister of Energy Temenuzhka Petkova

European Union - European Commission Vice President Maroš Šefčovič

Georgia - Prime Minister Giorgi Kvirikashvili, Vice Prime Minister / Minister of Energy Kakha Kaladze and Minister of Foreign Affairs Mikheil Janelidze

Italy - Minister of Economic Development Carlo Calenda, Undersecretary to the Presidency of the Council of Ministers Claudio De Vincenti

Switzerland - State Secretary Federal Office of Energy Walter Steinmann

Turkey - Minister of Energy Berat Albayrak

The United States - Special Envoy and Coordinator for International Energy Amos Hochstein



B. TAP Shareholders

SOCAR CEO Rovnag Abdullayev

BP CEO Bob Dudley

Snam CEO Marco Alverà

Fluxys CEO Pascal De Buck

Enagás Strategy & Business Development General Manager Jesús Saldaña Fernández

Axpo Vice Chairman Rudolf Hug



About the Trans Adriatic Pipeline (TAP)

TAP will transport natural gas from the giant Shah Deniz II field in Azerbaijan to Europe. The 878 km long pipeline will connect with the Trans Anatolian Pipeline (TANAP) at the Turkish-Greek border at Kipoi, cross Greece and Albania and the Adriatic Sea, before coming ashore in Southern Italy.

TAP’s routing can facilitate gas supply to several South Eastern European countries, including Bulgaria, Albania, Bosnia and Herzegovina, Montenegro, Croatia and others. TAP’s landfall in Italy provides multiple opportunities for further transport of Caspian natural gas to some of the largest European markets such as Germany, France, the UK, Switzerland and Austria.

TAP will promote the economic development and job creation along the pipeline route; it will be a major source of foreign direct investment. With first gas sales to Georgia and Turkey targeted for late 2018, first deliveries to Europe will follow approximately one year later in early 2020.

TAP’s shareholding is comprised of BP (20%), SOCAR (20%), Snam (20%), Fluxys (19%), Enagás (16%) and Axpo (5%).

17 May 2016

British professors invigilate examinations at BHOS

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Baku Higher Oil School has started the examination session on petroleum engineering and chemical engineering. The lecturers and experts from Heriot-Watt University - Professor Kevin Mccullough, Education and Training Director, School of Engineering and Physical Sciences, Professor Greame White, Chemical Engineering, School of Engineering and Physical Sciences, Mrs. Patricia Duncan, teacher and learning manager, Professor John Ford, Senior Director of Studies, Institute of Petroleum Engineering, Mrs. Irene Fox, School of Engineering and Physical Sciences Administrative Assistant, Alexander Bell, Associate Director of Studies for Engineering School of Engineering and Physical Sciences, Teaching and Learning are involved in invigilation process. The examinations are organized on the basis of questions compiled at Heriot-Watt University because BHOS second, third and fourth year students are studying petroleum engineering and chemical engineering specialization on the basis of its educational programme. The examination session is held simultaneously with Heriot-Watt University, on the same dates and at the same time, to prevent the electronic exchange of the answers between students studying at both higher schools.

After examinations, British professors send exam papers containing written answers of students to Heriot Watt University via urgent delivery mail service. This procedure ensures transparency and objectivity of assessment. According to statistics, BHOS students have demonstrated better performance with the scoring points compared to the students of Heriot-Watt University.

16 May 2016

20 years of East-West energy corridor

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Prime Minister of Azerbaijan Arthur Rasizade, Minister of Energy Natig Aliyev, SOCAR President Rovnag Abdullayev, SOCAR Vice President Elshad Nassirov and other officials visited Tbilisi on May 16 to attend the events dedicated to the 20th anniversary of the East-West energy corridor. Azerbaijani delegation held bilateral meetings with President of Georgia Giorgi Margvelashvili and Prime Minister Giorgi Kvirikashvili to discuss the prospects of development of the Azerbaijani-Georgian relations, operation of the East-West energy corridor and the regional energy projects as well. Afterwards Azerbaijani and Georgian officials, representatives of the diplomatic corps and BP attended the solemn ceremony dedicated to the 20th anniversary of the East-West corridor. In his opening speech, Deputy Prime Minister of Georgia, Minister of Energy Kakha Kaladze spoke about the large-scale energy projects carried out in the region emphasizing the importance of the East-West energy corridor. Prime Minister of Georgia Giorgi Kvirikashvili said twenty years ago President Heydar Aliyev and President Eduard Shevardnadze founded the Baku-Supsa Pipeline project which became the guarantee of peace and security in South Caucasus and gave impetus to the development of useful cooperation between Azerbaijan, Georgia and Turkey. Prime Minister of Azerbaijan Arthur Rasizade underlined the importance of diversified oil and gas pipeline system built within the framework of the “Contract of Century”, the result of far-sighted energy strategy elaborated by National Leader of Azerbaijan Heydar Aliyev. He said the Baku-Supsa Pipeline was one of the alternative routes arising from this strategy. Then Minister of Energy of Azerbaijan Natig Aliyev, BP Regional Vice President Peter Mather addressed the ceremony speaking about the importance of Baku-Supsa Pipeline and other regional energy projects.

The Baku-Supsa Pipeline with length of 833 kilometers and maximum discharge of 7 million tonnes per year and 140 thousand barrels per day delivers Azeri-Chirag-Guneshli oil to the west of Georgia, the Supsa terminal with total capacity of 120 thousand tonnes.

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