NORTH SEA STYLE DEVELOPMENT EYED FOR PAIR OF OIL FIELDS OFF AZERBAIJAN

Development of Chirag and Azeri fields in Azerbaijan's share of the Caspian Sea is likely to be based on North Sea methods. These will involve a dramatic change from the way Azeri oil field developments have been conducted so far, says Peter Wells, BP Exploration Operating Co. Ltd. senior adviser to the Azerbaijani president. BP is one of eight companies negotiating a $7 billion development project in Chirag and Azeri fields with the government of Azerbaijan.

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