Cape JV wins service contracts for Shah Deniz

Offshore staff

LONDON – Cape (LON:CIU) has received multiple contracts valued at a total of $65 million in Azerbaijan through its joint venture with the State Oil Company of Azerbaijan (SOCAR).

The joint venture has won three contracts in Azerbaijan for the supply of services to projects that are part of the development of the Shah Deniz field.

The joint venture agreement with SOCAR was formed in 2010 and is 51% owned by SOCAR and 49% owned by Cape.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...