VOL. XLV

No 41

14-October-2002

CASPIAN

AIOC Awards Contracts For ACG Phase 2 Development

The Azerbaijan International Operating Company (AIOC), which is developing the offshore Azeri-Chirag-Guneshli (ACG) oilfields in accordance with a 1994 production sharing agreement, announced on 8 October that it has awarded contracts relating to Phase 2 of the full field development (FFD) program. The awards follow the sanctioning of Phase 2 in late September by the BP-led consortium (MEES, 23 September)....