Azerbaijan: contracts awarded

An Azeri oil group led by BP has awarded a total of USD 1.1 billion of construction and engineering deals to expand its giant oil project in the Caspian Sea. The group said in a statement the winners of some contracts included Halliburton with a USD 160 million deal, Saipem with two contracts worth USD 200 million and USD 140 million and McDermott with two deals worth USD 140 million and USD 90 million. British firm Amec won a USD 175 million construction contract. Most of the deals won by international major oil services and engineering firms include an obligation to carry out the work in partnership with Azeri or Turkish firms. The contracts are part of a broader “third phaseâ€? investment plan by BP, worth USD 4.7 billion, which aims to boost output at its fields to over 1 million barrels per day (bpd) in coming years.

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