VOL. XLIV

No 36

3-September-2001

CASPIAN

AIOC Signs Phase One Development For Offshore Azeri-Chirag-GuneshliOilfields

The BP-led AzerbaijanInternational Operating Company (AIOC) and the Government of Azerbaijan on 30August signed an agreement on Phase I development of the offshoreAzeri-Chirag-Guneshli (ACG) oilfields. Phase I development will focus on theCentral Azeri field and will raise AIOC production to 350,000 b/d in the firstquarter of 2005. Current production from the Chirag field...