BP intensifies work on wells in Azerbaijan

Azerbaijan, Baku, Oct 18 /Trend/ Ten new specialist engineers will join the wells team in Baku, BP said. They have been hand-picked from BP's global assets - Alaska, North America, North Sea, Angola and Egypt. As Trend reported previously Jim Cowie will take office as Vice President Wells, succeeding Gary Christman since November 15. His expertise includes complex high pressure / high temperature projects, and wells drilled from both mobile and platform rigs. Jim He will lead the team of over 300 wells experts in Baku. Earlier addressing a meeting of the Cabinet of Ministers to discuss the results of the country's socio-economic development in nine months of 2012, and outline further priorities, President of Azerbaijan Ilham Aliyev said that serious mistakes of international consortium (Azerbaijan International Operating Company), operator of which is the company BP, led to a sharp decline in oil production on the Azeri and Chirag fields. The contract on the Azeri-Chirag-Guneshli full field development was signed in 1994. Participants of the project to develop Azeri-Chirag-Guneshli are: BP (operator - 35.83 percent), Chevron (11.27 percent), Inpex (10.96 percent), AzACG (11.6 percent), Statoil (8.56 percent), Exxon (8 percent), TPAO (6.75 percent), Itocu (4.3 percent) and Hess (2.72 percent). Hess has sold its share to Indian ONGC, the transaction will be completed in the first quarter of 2013. Do you have any feedback? Contact our journalist at agency@trend.az