BP to ex­ceed pro­duc­tion plan for ACG in 2018

Azer News - - Busi­ness -

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.

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