Middle East Economic Survey

VOL. LIII

No 29

19-Jul-2010

CASPIAN

AIOC Awards COP Development Contracts Worth $814Mn

The BP-led Azerbaijan International Operating Company (AIOC) announced on 9 July that it had awarded six contracts amounting to $814mn for the Chirag Oil Project (COP) development, as part of the Azeri-Chirag-Guneshli (ACG) field development in the Caspian Sea. These contracts are for the construction of a process, drilling and quarters (PDQ) platform with associated subsea oil and...