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SOCAR to Become Contractor for BP Projects in Azerbaijan

The State Oil Company of Azerbaijan (SOCAR) will become a contractor for projects implemented under BP operatorship in Azerbaijan, SOCAR President Rovnag Abdullayev told journalists on Monday.

"The Bos Shelf Company, which is wholly owned by SOCAR, will act as a contractor," Abdullayev said.

Earlier SOCAR and the Star Gulf FZJO Company had equal shares in Bos Shelf.

Abullayev said that major companies such as McDermott, Saipem and other companies, which previously acted as contract companies, will act as subcontractors of Bos Shelf in the future.

"Bos Shelf will use the services and assets of the Heydar Aliyev Baku Deep Water Jacket Plant," Abdullayev said.

He added that a possible merger of the Bos Shelf Company and the Heydar Aliyev Baku Deep Water Jacket Plant, resulting in the laying off of the plant's employees, is not on the agenda. The plant will serve as the owner of assets in the future and Bos Shelf will use services provided by the plant. He said that employee layoffs is out of the question and that its highly qualified personnel will continue to work and to undertake the necessary training to further enhance their skills.

Bos Shelf will need to bring the structure into compliance with BP's requirements.

"If earlier foreign companies acted as contractors, now a local company will act as contractor," Abdullayev said.

Source: Trend

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