CIPCO Gives Karabakh Field One More Shot
The Caspian International Petroleum Consortium (CIPCO) announced on 3 September that itwill drill a third and final exploration well in Azerbaijan's offshore Karabakh field. Twoprevious attempts to find oil in the block discovered only gas. An agreement regarding theblock was signed in November 1995 between Azerbaijan and CIPCO members Pennzoil, Agip,Lukoil and Azerbaijan's state-owned oil company Socar. CIPCO Vice...