BP-Statoil to study Caspian oil project; S. Korea eyes Yakut gas

Journal Article · Mon Sep 14 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:6958794

This paper reports that a combine of British Petroleum Co. plc and Den norske stats oljeselskap AS has agreed to pay $40 million for exclusive rights to study development of a Caspian Sea oil field off Azerbaijan and explore a nearby prospect. Meanwhile, the South Korean press said South Korea and Russia have agreed to form a joint venture to develop undisclosed gas fields in the Yakut Autonomous Republic of eastern Siberia and lay gas pipelines from Yakut to the Korean peninsula. In a 50-50 joint venture with the former Soviet republic of Azerbaijan, BP-Statoil will evaluate undeveloped Dostlug field, previously known as Kaverochkin, 75 km southeast of Baku. It also will study the adjacent Shak Deniz prospect, formerly known as Shakhovo More.

• OSTI ID: 6958794
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:37; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

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COOPERATION
DRILLING
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EVALUATION
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FLUIDS
FOSSIL FUELS
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GASES
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