In 1997, Chevron signed an agreement to explore the Absheron Offshore Block, a deepwater structure in the southern Caspian Sea.
After conducting a 3-D seismic program, we drilled an exploratory well in 2001, but it proved unsuccessful.
Our participation in Azerbaijan's economy grew significantly when Chevron acquired Unocal in 2005.
We took over Unocal's interest in the Azerbaijan International Operating Company, which produces and develops offshore crude oil reserves in the Caspian Sea from the Azeri-Chirag-Gunashli project. With that, Chevron became a partner in the Baku-Tbilisi-Ceyhan Pipeline.
In 2006, the pipeline reached a historic milestone with the delivery of its first crude oil to world markets.
Updated: April 2013
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