Azerbaijan - Oil & gas high value opportunity (HV0-AZE-01)

This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.

Significant opportunities to be found in Azerbaijan, from exploration to mature field enhanced oil recovery.

Details

Opportunity closing date
31 December 2016
Opportunity publication date
10 October 2016
Opportunity type
Private Sector and Public Sector
Industry
Oil & Gas
Enquiries received
63
Value of contract
to be confirmed
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Description

There are significant downstream, midstream and upstream opportunities to be found in Azerbaijan, from exploration to mature field enhanced oil recovery with an estimated 10 year value over $100bn. The likely estimated value that UK companies could bid for is £11bn. Opportunities for the UK: There are numerous opportunities including but not limited to:
  • BP-led Shah Deniz II Gas Deal and the $45bn dollar Phase-2 expansion including upstream and midstream stages
  • Future Developments of Azeri-Chirag-Gunashli (ACG) field which is already one of the largest offshore complexes in the world and the largest contributor to the economy of Azerbaijan
  • Shallow Water Absheron Peninsula (SWAP) multi-billion dollar investment opportunity
  • Oil & Gas Processing and Petrochemical Complex (OGPC) project worth $10bn, including the construction of a petrochemical complex with capacity of 1.7m tons of finished products. The complex, located 60km from Baku, is scheduled to be commissioned by the end of 2020
  • Umid gas field with overall reserves likely to reach 300 bcm while those of Babek field lying under Umid may reach 600 bcm
  • Absheron gas field with reserves estimated at 350 bcm, operated by Total S.A.

Department for International Trade (DIT) HVO strategy:

Key DIT objectives for Azerbaijan are:

understanding the political landscape and drivers; ascertaining the scope & timing of each project and identifying the local skills shortage.

The Department for International Trade has initiatives underway to target major awards and to ensure that UK supply chain companies are ready to compete. We have agreed a Partnership Programme with State Oil Company of Azerbaijan Republic (SOCAR), the Ministry of Economic Development and BP.

High Value Opportunities (HVO) programme

The high value opportunities programme identifies large scale overseas projects offering the most value to UK Plc and aims to provide an intensive level of support to help UK businesses win contracts in and around these opportunities. Find out more.

Further details on specific opportunities around these projects will be provided as they become available. In the meantime, UK businesses interested in these projects are encouraged to register their interest below.

Opportunity closing date
31 December 2016
Value of contract
to be confirmed

The deadline to apply for this opportunity has passed.
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