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BP Not Affected by Azeri Oil Accident

BP Not Affected by Azeri Oil AccidentBP Not Affected by Azeri Oil Accident

British oil company BP said on Monday its operations in Azerbaijan were not affected by a deadly accident at one of the platforms in the Caspian Sea operated by Azeri state energy company SOCAR. SOCAR said one worker was killed, 29 are missing and 33 were rescued after its oil platform caught fire on Friday. Those missing are feared dead, Reuters reported. "Fire did not affect BP's work as this platform is far away from our platforms," said Tamam Bayatly, a spokeswoman for BP Azerbaijan. BP operates the main oilfields in Azerbaijan and the bulk of total oil production in the country comes from these fields. The fire started on Friday after a storm caused a partial collapse of one of the facilities on the oil rig, damaging a natural gas pipeline. About 60% of SOCAR's oil production passes through this platform, meaning the state company's output will be temporarily hit. Daily production at the platform was 920 tons of oil and 1.08 million cubic meters of gas.

 

Financialtribune.com