Equinor in Azerbaijan deals
Azerbaijan “The agreements signed today represent a natural next step in the region,” said Eldar Sætre, Equinor’s president and CEO, in a statement marking the signing of a risk service agreement covering the Karabagh oilfield and a PSA for for the Ashrafi, Dan Ulduzu, Aypara area near the Azeri-Chirag-Guneshli field. “This will strengthen our position in a prolific basin and develop growth options.”
The two companies are to form a 50-50 JV in order to operate the assets. An FID “will be taken following appraisal and engineering work,” the press release added.
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