The Shah Deniz Stage 2 contract spree continues, after Baku Shipyard secured a contract win worth $378million.
BP Exploration, which operates the Shah Deniz gas field development, brought in Baku Shipyard to design and build the Subsea Construction Vessel (SCV).
The vessel will later be deployed to the development which lies 70km offshore in the Azerbaijan sector of the Caspian Sea.
Mr Gordon Birrell, BP’s regional president for Azerbaijan, Georgia and Turkey, commented, “We are pleased to begin cooperation with yet another major local service company to advance the executional phase of the giant Shah Deniz Stage 2 development project.
“This new flagship vessel for the Caspian, to be built by Baku Shipyard, will provide essential support for the construction of the Stage 2 subsea structures which will form the biggest subsea production system in the Caspian. Clearly, the contract underpins our plans to deploy for the first time new advanced subsea production technology in the Caspian as part of the Shah Deniz Stage 2 development.
“I am also pleased to say that the contract we have signed today is among the 12 major contract awards for the Shah Deniz Stage 2 and South Caucasus Pipeline expansion projects which we have awarded since we announced the final investment decision lin December 2013.
“These contract awards are part of the overall tremendous progress being made across multiple areas of this major development project which underpin our efforts to deliver first gas in late 2018. The Shah Deniz partnership remains committed to maximising the use of local resources in delivering this important gas development project. It is a world-class project that can only be delivered through close cooperation among BP and Shah Deniz partners including SOCAR and Azerbaijan’s local supply chain.”
The SCV is the first major contract secured by Baku Shipyard since its inauguration. The shipbuilding yard was jointly developed by SOCAR, Azerbaijan Investment Company (AIC) and Keppel O&M. SOCAR, AIC and Keppel O&M own 65%, 25% and 10% share in the yard respectively.
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