Watching the World: Baku to the future?

06/18/2001
The high-profile promise held by the Caspian Sea to become the next great offshore oil and gas province, to judge by the abundance of project news coming out of the recent Caspian Oil & Gas conference in Baku, is ever closer to coming to fruition-if still hinging on several sizeable "ifs." Plans by BP PLC to gear up on its giant Shah Daniz development were moved ahead by the award to Technip SA of a front-end engineering design (FEED) contract for the natural gas-condensate field, to be based on the French contractor's TPG 500 production jack up concept.The Technip deal, one of four contracts forming BP's $2.6 billion Stage 1 project at the field, follows an award to KCA Drilling ...
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