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Friday, September 30, 2016

BP Awards Caspian Geophysical Contract

December 20, 2001

Caspian Geophysical, the joint venture between WesternGeco and the State Oil Company of Azerbaijan Republic, announced that BP (BP) has awarded Caspian Geophysical a marine seismic services contract in the Azerbaijan sector of the Caspian Sea. Under the contract, Caspian Geophysical will supply a variety of conventional towed streamer and 3D, four-component (4C), marine acquisition and processing services for future seismic projects within any Production Sharing Agreement areas operated by BP. Caspian Geophysical will be the first contractor to mobilize ocean-bottom cable equipment designed for large-scale 4C seismic surveys within the Caspian region. The 4C surveys will provide additional subsurface information around gas-invaded sediments near mud volcanoes prior to field development. A 4D, or time-lapse, seismic survey is also planned to assist in analysis of reservoir fluid depletion. Surveys are scheduled to commence during Q1/Q2 2002, and continue into 2003.


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