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Shafag-Asiman Gas Field
Shafag-Asiman ( Azerbaijani: ''Şəfəq və Asiman'') is a large complex of offshore geological structures in the Caspian Sea located southeast of Baku, Azerbaijan. The Shafag and Asiman structures have been previously called D8 and D10, respectively. History The memorandum of understanding (MOU) for exploring the Shafag-Asiman structures was signed on July 13, 2009. According to the initial agreement, the offshore block will be jointly developed by BP and State Oil Company of Azerbaijan Republic (SOCAR). The MOU was signed by the President of SOCAR, Rovnag Abdullayev and Chief Executive of Exploration and Production of BP, Andy Inglis in the presence of President of Azerbaijan, Ilham Aliyev and former Prime Minister of the United Kingdom, Gordon Brown. The MOU was followed by signing of Heads of Agreement on basic commercial principles on joint exploration and development of the fields by Rovnag Abdullayev and President of BP Azerbaijan, Rashid Javanshir, on July 6, 2010, du ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azerbaijan
Azerbaijan, officially the Republic of Azerbaijan, is a Boundaries between the continents, transcontinental and landlocked country at the boundary of West Asia and Eastern Europe. It is a part of the South Caucasus region and is bounded by the Caspian Sea to the east, Russia's republic of Dagestan to the north, Georgia (country), Georgia to the northwest, Armenia and Turkey to the west, and Iran to the south. Baku is the capital and largest city. The territory of what is now Azerbaijan was ruled first by Caucasian Albania and later by various Persian empires. Until the 19th century, it remained part of Qajar Iran, but the Russo-Persian wars of Russo-Persian War (1804–1813), 1804–1813 and Russo-Persian War (1826–1828), 1826–1828 forced the Qajar Empire to cede its Caucasian territories to the Russian Empire; the treaties of Treaty of Gulistan, Gulistan in 1813 and Treaty of Turkmenchay, Turkmenchay in 1828 defined the border between Russia and Iran. The region north o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heads Of Agreement (law)
A set of heads of agreement, heads of terms, or letter of intent is a non-binding document outlining the main issues relevant to a tentative sale, partnership, or other agreement. A heads of agreement document will only be enforceable when it is adopted into a parent contract and is subsequently agreed upon, unless otherwise stated. Until that point, a heads of agreement will not be legally binding. However, such documents can become legally binding if the agreement document contains terms or language which explicitly indicates an intention to be legally bound. Equally, a letter which contains no expression of whether its terms were intended to be binding can be found to be binding due to language used. This is also dependent on the circumstances of the transaction and includes the conduct of the parties themselves. A key function of Heads of Terms is to assist in the identification of critical issues as early as possible during negotiations which could stop a transaction going ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Fields In Azerbaijan
Nature is an inherent character or constitution, particularly of the Ecosphere (planetary), ecosphere or the universe as a whole. In this general sense nature refers to the Scientific law, laws, elements and phenomenon, phenomena of the physical world, including life. Although humans are part of nature, human activity or humans as a whole are often described as at times at odds, or outright Anthropocentrism, separate and even superior to nature. During the advent of modern scientific method in the last several centuries, nature became the passive reality, organized and moved by divine laws. With the Industrial Revolution, nature increasingly became seen as the part of reality deprived from intentional intervention: it was hence considered as sacred by some traditions (Jean-Jacques Rousseau, Rousseau, American transcendentalism) or a mere decorum for divine providence or human history (Hegel, Marx). However, a vitalist vision of nature, closer to the pre-Socratic one, got reborn ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Umid Gas Field
Umid gas field () is the second largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . In translation from Azerbaijani, ''Umid'' means ''Hope''. History Umid field is a part of a block previously consisting of Umid and Babek fields. The geophysical works at Umid started in 1953 which were repeated in 1972. A total of 9 wells were drilled in the area from 1977 to 1992, however no commercially viable fields were discovered at the time. In 2009, SOCAR financed the exploration works at Umid itself. This is the first time since the Contract of the Century that Azerbaijan conducted exploration works entirely on its own. The discovery of 200 bcm and 30-40 million tons of condensate (around 270-360mn bbl) initially forecasted by Khoshbakht Yusifzadeh was announced by SOCAR on November 24, 2010 after successful drilling at on exploration platform ''Umid-1''. President Ilham Aliyev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shah Deniz Gas Field
Shah Deniz gas field () is the largest natural gas field in Azerbaijan. It is situated in the South Caspian Sea, off the coast of Azerbaijan, approximately southeast of Baku, at a depth of . The field covers approximately . Stretching out over 140 square kilometres, the reservoir is similar in size and shape to Manhattan Island. It is considered to be a founding link for the Southern Gas Corridor, aiming to bring additional and alternative natural gas volumes to EU member countries. History The “Exploration, Development, and Production Sharing Agreement" (PSA) for Shah Deniz area was signed between SOCAR and some oil companies of foreign countries on June 4, 1996. Azerbaijani Parliament confirmed the PSA document on October 4, 1996. The Shah Deniz gas and condensate field was discovered in 1999. “An Intergovernmental” Agreement and a “Sale and Purchase” Agreement were signed by delegates of Azerbaijan and Turkey with the participation of President Sezer and Presid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azeri–Chirag–Gunashli
Azeri–Chirag–Gunashli (ACG, ) or Azeri–Chirag–Deepwater Gunashli is a complex of oil fields in the Caspian Sea, about off the coast of Azerbaijan. It consists of the Azeri oilfield, Azeri and Chirag oilfield, Chirag oil fields, and the Gunashli oilfield, deepwater portion of the Gunashli oil field. An overall estimate of the area of the development is .''SOCAR website'' Azeri–Chirag–Guneshli It is developed by the Azerbaijan International Operating Company, a consortium of international oil companies, and operated by BP on behalf of the consortium. The ACG fields have estimated recoverable reserves of about of petroleum. Peak oil production of was reached in 2010. However by the first quarter of 2024, production had fallen to , or approximately one-third of peak value, as the production rates moved towards O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azeri Press Agency
{{disambiguation ...
Azeri or Azeri Turk may refer to: * Azeri people, an ethnic group also known as Azerbaijanis * Citizens of Azerbaijan * Azeri language, the modern-day Turkic language * Old Azeri, an extinct Iranian language * Azeri Turk (journal), Academic journal * Azeri (horse), a thoroughbred racehorse * Azeri oilfield, Offshore oil field in the Caspian Sea See also * Azari (other) * Azerbaijani (other) * Azerbaijan (other) Azerbaijan, officially the Republic of Azerbaijan, is a country in the South Caucasus. Azerbaijan, Azarbaijan or Azərbaycan may also refer to: * Azerbaijan (Iran), a historical region in northwestern Iran, where ancient Ātṛpātakāna was locat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trend News Agency
Trend News Agency () is an Azerbaijani news agency which focuses on current affairs in the Caucasus region and Central Asia. The agency is pro-government. History Founded in 1995 as a private media outlet in Azerbaijan, Trend News Agency is a news provider in the Caucasus, Caspian region and the Central Asia. Ilgar Huseynov is the director general of the agency. Trend News Agency produces news in five languages: Azerbaijani, English, Russian, Turkish and Persian. The services provide news of countries and regions by placing more focus on ongoing events in languages appropriate to the specific audiences. Analytical reports and feature articles highlight major political, economic, energy developments and financial articles from the South Caucasus, Iran, Turkey, and Central Asia. Trend's specialized bulletins cover areas covering such sectors as politics, business, oil and gas, transport and logistics, finance and banking in Azerbaijan, Iran, Uzbekistan, Tajikistan, Turkme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Sharing Agreement
Production sharing agreements (PSAs) or production sharing contracts (PSCs) are a common type of contract signed between a government and a resource extraction company (or group of companies) concerning how much of the resource (usually oil) extracted from the country each will receive. Description Production sharing agreements were first used in Bolivia in the early 1950s, although their first implementation similar to today's was in Indonesia in the 1960s. Today they are often used in the Middle East and Central Asia, overall 40 countries worldwide. In production sharing agreements the country's government awards the execution of exploration and production activities to an oil company. The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from produced oil to recover capital and operational expenditures, known as "cost oil". The rema ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tony Hayward
Anthony Bryan Hayward (born 21 May 1957) is a British businessman and former CEO of the oil and energy company BP. He replaced the Baron Browne of Madingley on 1 May 2007. His tenure ended on 1 October 2010 when he was replaced by Bob Dudley following the ''Deepwater Horizon'' oil spill. He was chairman of Glencore Xstrata from 2014 to 2021. Education and early career Tony Hayward was born in Slough, Buckinghamshire (now Berkshire), in 1957; the eldest son of Bryan and Mary Hayward. Hayward has five sisters and one brother. Growing up, Hayward moved frequently but, until a teenager, lived in or near Slough. At the age of 15, when his sixth sibling was born, Hayward moved out of the family home and started living with his paternal grandparents in Langley (a suburb of Slough). Later on, his family moved to Bournemouth, Dorset. Hayward, however, remained in Berkshire living with his grandparents and attended a local grammar school, Slough Technical High School, until he st ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rashid Javanshir
Rashid or Rachid ( ) and Rasheed ( ), which means "rightly guided", may refer to: *Rashid (name), also Rachid and Rasheed, people with the given name or surname *Rached, a given name and surname *Rashad, a surname *Rishad, a given name Places *Rachid, Mauritania, a town at the foot of the Tagant Plateau *Rashid, Iran, a village in Khuzestan Province *Rashid, Yemen, a village *Rashid, alternate name of Tang-e Goraz, Iran *Rosetta, anglicized name of the city and port of ''Rashid'' in Egypt Characters * Rashid (Street Fighter), a character in the ''Street Fighter'' universe *Rashid Saluja, a character in the ''Magi'' universe Other uses * Rachid, an American singer known for his 1998 single "Pride" * Egyptian frigate ''Rasheed'' * ''Rashid'', a United Arab Emirates rover that crash landed on the Moon in 2024 *Rashidi dynasty, an Arabian dynasty from 1836 to 1921 *Rasheed Air Base, an Iraqi Air Force base on the outskirts of Baghdad, Iraq *Rasheed Bank, the second largest bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
