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The company estimated an investment of up to $ 2 billion, if the feasibility studies proved the expectations for reserves. CIPCO spent nearly $ 100 million on feasibility studies.
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In
January 1999, the consortium management announced the project was not commercially feasible and as of 23 February 1999, it stopped its operations and was dissolved.
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It was incorporated on 4 June 1996. The company was led by
President James A. Tilley, who had been the President of
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established by production shareholding companies for exploration, development and production sharing of the
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244:"Caspian International Petroleum Company. Formed for Exploration, Development of Karabakh Prospect"
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Shareholders of CIPCO had the following stakes in
Karabakh field:
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and oil production plant on the coast of the
Caspian Sea
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Non-renewable resource companies disestablished in 1999
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Non-renewable resource companies established in 1996
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685:Ministry of Energy of the Azerbaijan Republic
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335:SOCAR: information on Karabakh field project
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713:Defunct oil and gas companies of Azerbaijan
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272:"CIPCO. Developing the Karabakh Prospect"
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598:Caspian International Petroleum Company
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17:Caspian International Petroleum Company
753:Defunct energy companies of Azerbaijan
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748:1999 disestablishments in Azerbaijan
728:Energy companies established in 1996
219:Oil and gas companies of Azerbaijan
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546:Trans-Caspian Oil Transport System
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743:1996 establishments in Azerbaijan
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603:North Absheron Operating Company
490:Shallow Water Absheron Peninsula
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562:Heydar Aliyev Baku Oil Refinery
536:Mozdok–Makhachkala–Kazi Magomed
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1:
298:НЕФТЕГАЗОДОБЫЧА В СТРАНАХ СНГ
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29:Xəzər Beynəlxalq Neft Şirkəti
690:State Oil Fund of Azerbaijan
270:James Tilley (Winter 1996).
196:Karabakh (Oil and Gas field)
39:field in the section of the
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531:Kazi Magomed–Astara–Abadan
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277:Azerbaijan International
249:Azerbaijan International
224:Petroleum in Azerbaijan
33:joint operating company
211:natural gas processing
190:Caspian Sea oil fields
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723:Former joint ventures
200:Caspian Sea oil field
186:Azeri-Chirag-Guneshli
526:Baku–Tbilisi–Erzurum
371:Energy in Azerbaijan
521:Baku–Tbilisi–Ceyhan
134:Feasibility studies
206:Sangachal Terminal
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511:Baku–Novorossiysk
311:"CIPCO dissolved"
164:Azerbaijan portal
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571:Energy companies
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329:External links
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252:. Autumn 1996
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315:. Retrieved
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281:. Retrieved
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254:. Retrieved
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718:Caspian Sea
654:Mingechevir
455:Darwin Bank
379:Oil and gas
41:Caspian Sea
25:Azerbaijani
707:Categories
649:Khudafarin
583:Azerenerji
516:Baku–Supsa
485:Shah Deniz
475:Nakhchivan
450:Dan Ulduzu
317:2009-12-08
283:2009-12-08
256:2009-12-08
230:References
45:Azerbaijan
504:Pipelines
460:Gum Deniz
74:Interest
678:See also
669:Yenikend
593:Branobel
588:Azpetrol
470:Karabakh
465:Gunashli
410:Absheron
403:Offshore
150:See also
93:Pennzoil
71:Company
58:Pennzoil
37:Karabakh
31:) was a
664:Shamkir
659:Sarsang
430:Ashrafi
387:Onshore
142:Closure
80:LUKAgip
60:Caspian
51:History
43:within
445:Chirag
107:12.5%
103:LUKOIL
613:SOCAR
440:Bahar
435:Babek
420:Azeri
117:7.5%
113:SOCAR
21:CIPCO
644:Araz
578:AIOC
495:Umid
425:Alov
123:Agip
97:30%
87:45%
415:ACG
127:5%
709::
274:.
246:.
208:—
198:—
188:—
83:JV
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47:.
27::
23:;
363:e
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349:v
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19:(
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