(MENAFN- Trend News Agency)
BAKU, Azerbaijan, October 7. The Azeri Central
East (ACE) oilfield offshore platform in Azerbaijan is already
insured by an international insurance company, Project Manager of
ACE Neal Phillips said during a media tour for reporters, reports.
According to him, this insurance company is located in
London.
'All the partners of ACE were interested in risk insurance and
we received permission from the State Oil Company of Azerbaijan
(SOCAR) for risk insurance in accordance with the international
insurance strategy,' he added.
The Azeri Central East (ACE) project is centered on a new
48-slot production, drilling and quarters platform located mid-way
between the existing Central Azeri and East Azeri platforms in a
water depth of approximately 140 meters. The project will also
include new infield pipelines to transfer oil and gas from the ACE
platform to the existing ACG Phase 2 oil and gas export pipelines
for transportation to the onshore Sangachal Terminal.
In addition, there will be a water injection pipeline installed
between the East Azeri and ACE platforms to supply injection water
from the Central Azeri compression and water injection platform to
the ACE facilities.
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