BP, Socar agree terms for future development of ACG field

By Offshore Energy Today.. Azerbaijan’s state-owned oil company Socar and BP-operated AIOC (the Azerbaijan International Operating Company) on Friday signed a letter of intent for the future development of the Azeri-Chirag-Gunashli (ACG) field in the Caspian Sea. BP said the agreement will cover the development of the field until 2050 and will add significant resource development potential to […]

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