BP to exceed production plan for ACG in 2018
Speaking at the event, Head of the State Migration Service of Azerbaijan Vusal Huseynov also emphasized the high indicators of nationalization in oil and gas companies.
He noted that the work carried out in this direction will make it possible to form a new labor market, ensure more effective participation of local specialists in transnational oil and gas companies and increase employment rates.
Gary Jones, BP regional president for Azerbaijan, Georgia and Turkey, said that BP has managed to achieve significant results in the nationalization of Azerbaijan's energy sector.
Jones noted that BP started its activities in Azerbaijan 26 years ago and the company is proud to be involved in all major energy projects in the country.
For the five years of the program's implementation, the number of Azerbaijanis working at BP reached 90 percent, which was BP’s goal, he said.
He noted that the share of local personnel holding top positions in the company increased from 37 percent to 62 percent over the period.
The number of women in high positions has doubled, he said, adding that the share of Azerbaijanis working in mid-level positions reached a record high of 95 percent.
Jones also praised the Baku Higher Oil School, noting that it trains highly qualified specialists.
He stressed that for economic development, it is important to create favorable conditions for a healthy competition. In this regard, he expressed gratitude to Azerbaijan’s state oil company SOCAR for cooperation.
Gary Jones also said that by the end of 2018, BP will exceed the production plan for the Azeri-ChiragGunashli (ACG) oil and gas fields in the Azerbaijani sector of the Caspian Sea.
Implementation of the ACG project continues with great success and the project has a very high efficiency, Jones said.
As an operator, BP is very pleased with all the projects implemented in Azerbaijan, he noted, adding that these projects are ACG and Shah Deniz.
BP believes that all these projects are at international level, it has made certain investments in these projects and will continue to invest, he underlined.
A contract for development of ACG was signed in 1994. A new contract for development of the ACG block until 2050 was signed in Baku on September 14, 2017.
The ACG participating interests are as follows: BP - 30.37 percent; AzACG (SOCAR) - 25 percent; Chevron - 9.57 percent; INPEX - 9.31 percent; Statoil - 7.27 percent; ExxonMobil - 6.79 percent; TP - 5.73 percent; ITOCHU - 3.65 percent; ONGC Videsh Limited (OVL) - 2.31 percent.
BP first arrived in Azerbaijan and opened its office in Baku in June 1992. BP is the largest foreign investor in Azerbaijan.
Over the past 26 years, in partnership with the Government of Azerbaijan and their co-venturers, BP-operated world-class projects – Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC) and South Caucasus Pipeline (SCP) – have contributed to the development of the Caspian Sea as a modern hydrocarbon province.
In November 2013, SOCAR and BP signed a protocol on cooperation in nationalization, and in February 2014, SOCAR and the Ministry of Labor and Social Protection of the Population of Azerbaijan signed a corresponding memorandum of cooperation.