February 1999
Contracts: Contacts:
1. AIOC Mr. Nick Rouse
signed Sept. 20, 1994 Manager, Department of
BP (17.1); Statoil (8.6); Itochu (4.0) Procurement and Transportation.
Amoco (17.0); Exxon (8.0); Ramco (2.1); Address: Villa Petrolea, 2
Unocal (10.0); TPAO (6.8); Delta (1.6); Neftyannikov, Bailov, Baku,
Lukoil (10.0); Pennzoil (4.8); Socar (10.0); Azerbaijan
est. oil reserves: 500 million tons Tel: (99 412) 979000; 939014
investment: $7.8 billion Fax: (99 412) 988794.
2. CIPCO (Caspian International Petroleum Company) Mr. James Tilley, President
signed Nov. 10, 1995 Address: 63 Neftyannikov Ave.,
LukAgip (45.0); Lukoil (12.5); Socar (7.5); Old Intourist Hotel, 4th floor
Pennzoil (30.0); Agip (5.0); Tel: (99 412) 971188;
est. oil reserves: 120 million tons Fax: (99 412) 971180
investment: $1.5 billion
3. Shahdeniz Mr. Ian Crawford,
signed: June 4, 1996 Procurement and Contracting
BP (25.5); Lukoil (10.0); TPAO (9.0); Manager, BP Operations (Shahdeniz)
Statoil (25.5); Elf (10.0); Socar (10.0); Address: 99, Mirza Mansur Street,
OIEC (10.0); Tel: (99 412) 978199; 978184
est. oil reserves: 200 million tons Fax: (99 412) 978192
investment: $4.0 billion
4. NAOC (North Absheron Operating Company) Mr. Tom Klockenbrink, President
Signed Dec. 14, 1996 Address: 22 Boyuk Gala Street,
Amoco (30.0); Itochu (20.0); Socar (20.0); Baku - 370004
Unocal (25.5); Delta (4.5); Tel: (99 412) 97-11- 27/28/43/71
est. oil reserves: 150 million tons Fax: (99 412) 97-11-25/65
investment: $2.0 billion
5. Lenkoran-Talysh Deniz Mr. Jean Francios Daganaud,
signed Jan. 13, 1997 President, Elf Petroleum B.V.
Elf (40.0); OIEC (10.0); Petrofina (5.0); Address: 1st Magomayev Lane 6,
Total (10.0); Deminex (10.0); Socar (25.0); Ichari Shahar, 370004 - Baku
est. oil reserves: 100-110 million tons Tel: (99 412) 926780, 92-72-86
investment: $2.0 billion Fax: (99 412) 98-08-71
6. Apsheron (former Tagiyev) Mr. John Connor,
signed Aug 1, 1997 Country Manager, Chevron
Chevron (30.0); Socar (50.0); Address: 17, Z. Tagiyev Street,
Total (20.0) 370000 - Baku
est. oil reserves: 117 million tons Tel: (99 412) 97-13-49; 97-13-39
investment: $2.0 billion Fax: (99 412) 97-13-53
7. Nakhchivan Signed Aug 1, 1997 Mr. John Hoholick,
Exxon (50.0); Socar (50.0); Resident Manager, Exxon
est. oil reserves: 90 million tons Address: The Landmark Building
investment: $2.0 billion Nizami Street 96, Baku,
Azerbaijan
Tel: (99 412) 98-24-60/1/2/3/5/6/
Fax: (99 412) 98-24-72
8. Yalama Signed July 4, 1997 Mr. Fikret Aliyev,
JV LUKARCO: LUKoil (32.4); Resident Representative
ARCO (27.6); Address: Sabir Street, 3
Socar (40.0); Tel: (99 412) 92-32-35
est. oil reserves: 50 million tons Fax: (99 412) 93-48-30
investment: $1.5 billion
9. Oguz Signed Aug 1, 1997 Mr. Philp Cedric,
Mobil (50.0); Socar (50.0); President, Mobil Azerbaijan
est. oil reserves: 100 million tons Address: A. Zeynalli Street, 45
investment: $2.0 billion Tel: (99 412) 97-15-60/62/63
Fax: (99 412) 97-15-61
10. Kurdashi Signed June 2, 1998 Mr. Eros Agostinelli,
SOCAR (50.0); Agip (25.0); Resident Representative, Agip
Mitsui (15.0); TPAO (5.0); Address: Sabir Street, 1/3
Rebsol (5.0); Tel: (99 412) 98-02-88; 98-32-62
Est. oil reserves: 100 million tons Fax: (99 412) 98-09-38
Investment: $1.7 billion
11. Jenubi-Garbi Gobustan Signed June 2, 1998 Mr. Rich MacDougal,
SOCAR (20.0); President, UTP
Commonwealth Oil and Gas" (40.0); Address: Inglab Street,119
Union Texas Petroleum (40.0); Tel: 90-63-79, 90-63-75
Est. oil reserves: 20 million tons Fax: 90-63-78
Investment: $800 million
12. Kursangi and Garabagly Mr. Kamran Babayev
Main Principles Signed June 2, 1998 Resident Manager, Delta Oil
SOCAR (50.0); Frontera Resources (30.0); Address: 133/36 Alovsat Qouliyev
Delta Oil/Amerada Hess (20.0); Street
Est. oil reserves: 20 million tons Tel: 94 14 22; 97 33 17
Investment: $800 million Fax: 97 32 87
13. Muradkhanly, Jafarli, and Zardab July 22, 1998 Mr. Namik Amirov,
Ramco (50.0); SOCAR (50.0); Manager, Ramco
Est. oil reserves: 13 million tons Address: 9, Boyuk Gala Street
Investment: $800 million Tel: (99 412) 92-40-63
Fax: (99 412) 97-10-87
14. Inam Signed July 22, 1998 Mr. Karl Arleth,
Amoco (25.0); Monument Oil and Gas (12.5); President, Amoco Caspian Sea
Central Russian Fuel (12.5); Petroleum
SOCAR (50.0); Address: Icheri Sheher,
Est. oil reserves: 100 million tons Boyuk Gala Street 22
Investment: $1.5 billion Tel: (99 412) 98-91-70; 92-39-65;
Fax: (99 412) 98-91-71
15. Araz, Alov, and Sharq Signed July 22, 1998 Mr. Ian Forbes,
BP (15.0); Statoil (15.0); President, BP Exploration
TPAO (10.0); SOCAR (40.0); Address: 99, Mirza Mansur Street
Remaining 20% to be advised Tel: (99 412) 97-81-00
(Exxon, Petrofac or Shell) Fax: (99 412) 97-81-33
Est. oil reserves: 900 million tons
Investment: $3.5 billion
16. Ateshgah, Yanan-Tava, and Mugan Deniz, Signed December 25, 1998
JAEX (22.5); Teikoku Oil Co. (7.5);
Indonesia Petroleum Co.,(12.5);
ITOCHU CO., (7.5); SOCAR (50.0).
Est. oil reserves: 75-90 million tons
Investment: $2.3 billion
This report is provided courtesy of the Business Information Service for the Newly Independent States (BISNIS)