VOL. XLI/VOL. XLII
Azerbaijan Ratifies Alov-Araz-Sharg Contract
Azerbaijans parliament ratified on 18 December an offshoreexploration and production sharing contract for the Alov, Arag and Sharg oilfields with aforeign consortium comprised of BP, Statoil and Turkish Petroleum (TPAO). The agreementcalls for three exploration wells to be drilled during a three-year period, with thepossibility of four more wells being drilled over the following three...