SOCAR and Petrofac sign an agreement on support services in Azerbaijan

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SOCAR’s subsidiary, “SOCAR Midstream Operations Limited”, and the engineering and production service of “Petrofac” have signed a treaty to support the transfer of the technical operations of the South Caucasus pipeline.

AZERTAC reports that while SOCAR takes over the technical operation of BP’s South Caucasus gas pipeline, the new agreement provides support services for the transfer of operating assets. The work to be carried out in this context includes the maintenance of pipelines and other facilities during the transition process, and the provision of extensive routine support during the transition period, the implementation phase and the development of a preparedness plan. operational.

The South Caucasus Pipeline was built to export Sahdeniz natural gas from Azerbaijan to Georgia and Turkey. The pipeline begins at the Sangachal terminal near Baku, continues on the Baku-Tbilisi-Ceyhan (BTC) gas pipeline, and joins Turkey’s gas distribution system.

The South Caucasus Pipeline Company is responsible for the construction and operation of the pipeline. The shareholders of the company are BP (28.8%), TPAO (19.0%), Azerbaijan / SOCAR (16.7%), PETRONAS (15.5%), LUKOIL (10.0%) and NICO ( 10.0%).