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Caspian International Petroleum Company
Caspian International Petroleum Company (CIPCO; ) was a joint operating company established by production shareholding companies for exploration, development and production sharing of the Karabakh (Oil and Gas field), Karabakh field in the section of the Caspian Sea within Azerbaijan. History It was incorporated on 4 June 1996. The company was led by President James A. Tilley, who had been the President of ''Pennzoil Caspian''. Shareholders of CIPCO had the following stakes in Karabakh field: Feasibility studies The company estimated an investment of up to $2 billion, if the feasibility studies proved the expectations for reserves. CIPCO spent nearly $100 million on feasibility studies. ;Closure In January 1999, the consortium management announced the project was not commercially feasible and as of 23 February 1999, it stopped its operations and was dissolved. See also *Azeri-Chirag-Guneshli — ''Caspian Sea oil fields''. *Karabakh (Oil and Gas field) — ''Caspian Sea oi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Operating Company
A joint or articulation (or articular surface) is the connection made between bones, ossicles, or other hard structures in the body which link an animal's skeletal system into a functional whole.Saladin, Ken. Anatomy & Physiology. 7th ed. McGraw-Hill Connect. Webp.274/ref> They are constructed to allow for different degrees and types of movement. Some joints, such as the knee, elbow, and shoulder, are self-lubricating, almost frictionless, and are able to withstand compression and maintain heavy loads while still executing smooth and precise movements. Other joints such as sutures between the bones of the skull permit very little movement (only during birth) in order to protect the brain and the sense organs. The connection between a tooth and the jawbone is also called a joint, and is described as a fibrous joint known as a gomphosis. Joints are classified both structurally and functionally. Joints play a vital role in the human body, contributing to movement, stability, and ove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
