BP-Statoil to study Caspian oil project; S. Korea eyes Yakut gas
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), Vol. 90:37; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
Similar Records
Viet Nam steps up offshore E and D push
Statoil-Himont outlines Antwerp operations
Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
03 NATURAL GAS
NATURAL GAS
PIPELINES
NATURAL GAS FIELDS
RESOURCE DEVELOPMENT
OIL FIELDS
WELL DRILLING
PLANNING
EVALUATION
EXPLORATION
INTERNATIONAL COOPERATION
NATURAL GAS INDUSTRY
PETROLEUM INDUSTRY
PRODUCTIVITY
COOPERATION
DRILLING
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
MINERAL RESOURCES
NATURAL GAS DEPOSITS
PETROLEUM DEPOSITS
RESOURCES
294003* - Energy Planning & Policy- Natural Gas
294002 - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects