BAKU – The following is a breakdown of all international oil consortia in Azerbaijan.

A total of 19 contracts have been signed, but only 17 projects are still active as early last year two consortia – the Pennzoil-led Caspian International Petroleum Company (CIPCO) and the BP Amoco-led North Absheron Operating Company (NAOC) – closed down.

The contract for NAOC officially exists until March 2000, although the consortium closed its office on April 30, 1999 after fulfilling all contractual obligations.

All projected investment figures in the following table are approximate.

1) -Azerbaijan International Operating Company (AIOC)

-Production sharing contract signed Sept. 20, 1994

-Ratified by parliament Nov. 15, 1994

-Entered into force Dec. 12, 1994

-AIOC started work Jan. 1995

-Projected investment $11-12 billion

Breakdown of shares:

BP Amoco 34.1367 pct (Operator)

Unocal 10.0489 pct

SOCAR 10 pct

LUKoil 10 pct

Statoil 8.5633 pct

Exxon Mobil 8.0006 pct

TPAO 6.75 pct

Devon Energy 4.8175

Itochu 3.9205 pct

Ramco 2.0825 pct

Delta Hess 1.68 pct

(U.S. Amerada Hess and Saudi Delta Oil)

2) -BP Exploration Ltd.

(Shakh Deniz)

-Production sharing contract

signed June 4, 1996

-Ratified by parliament Oct. 4, 1996

-Entered into force Oct. 17, 1996

-BP Exploration started work

late Oct. 1996

-Projected investment $2.5 billion

Breakdown of shares:

BP Amoco 25.5 pct (Operator)

Statoil 25.5 pct

SOCAR 10 pct

LUKAgip 10 pct

Elf 10 pct

OIEC 10 pct

TPAO 9 pct

3) -Elf Petroleum Lenkoran

Deniz, Talysh-Deniz

-Production sharing contract

signed Jan. 13, 1997, in Paris

-Ratified by parliament

June 13, 1997

-Entered into force June 25, 1997

-Elf Petroleum Lenkoran-

Talish B.V. started work

June 25, 1997

-Projected investment $2 billion

Breakdown of shares:

Elf 40.0 pct (Operator)

SOCAR 25 pct

TotalFina 15 pct

OIEC 10 pct

Wintershall 10 pct

4) -LUKArco Operating Company, Yalama

-Production sharing contract

signed July 3, 1997 in Moscow

-Ratified by parliament Nov. 4, 1997

-Entered into force Dec. 5, 1997

-Projected investment

$1.5-$2 billion

Breakdown of shares:

LUKArco 60 pct (Operator)

(LUKoil - 32.4 pct, Arco - 27.6 pct)

SOCAR 40 Oct

5) -Mobil Exploration and

Production Azerbaijan Inc., (Oguz)

-Production sharing contract

signed Aug. 1, 1997, in Washington

-Ratified by parliament Nov. 7, 1997

-Entered into force Dec. 5, 1997

-Projected investment $2 billion

Breakdown of shares:

Exxon Mobil 50 pct (Operator)

SOCAR 50 pct

6) - Chevron Overseas Azerbaijan

Ltd. (Absheron)

-Production sharing contract signed

Aug. 1, 1997 in Washington

-Total joined the contract

Sept. 2, 1997

-Ratified by parliament

Nov. 11, 1997

-Entered into force Nov. 27, 1997

-Projected investment $3-3.5 billion

Breakdown of shares:

SOCAR 50 pct

Chevron 30 pct (Operator)

TotalFina 20 pct

7) -Exxon Azerbaijan Operating

Co. (Nakhichevan)

-Production sharing contract signed

Aug. 1, 1997, in Washington

-Ratified by parliament Nov. 14, 1997

-Entered into force Nov. 27, 1997

-Projected investment $2.5 billion

Breakdown of shares:

SOCAR 50 pct

Exxon Mobil 50 pct (Operator)

8) -Kurdashi

-Production sharing contract

signed June 2, 1998

-Ratified by parliament July 7, 1998

-Projected investment $2.5 billion

Breakdown of shares:

SOCAR 50 pct

Agip 25 pct (Operator)

Mitsui 15 pct

TPAO 5 pct

Repsol 5 pct

9) -Southwest Gobustan (onshore)

-Production sharing contract

signed June 2, 1998

-Ratified by parliament Nov. 13, 1998

-Projected investment $700-900 million

Breakdown of shares:

Commonwealth Oil & Gas 80 pct

(A&B Geoscience Corp. subsidiary) (Operator)

SOCAR 20 pct

10) -Muradkhanli, Jafarli and

Zardab (onshore)

-Production sharing contract signed

July 21 in London

-Ratified by parliament Nov. 20, 1998

-Projected investment $1 billion

Breakdown of shares:

Ramco 50 pct (Operator)

SOCAR 50 pct

11) -Exploration and development

of Inam in South Caspian

-Production sharing contract signed

July 21, 1998 in London

-Ratified by parliament Dec. 1, 1998

-Projected investment $2-2.5 billion

Breakdown of shares:

SOCAR 50 pct

BP Amoco 25 pct (Operator)

Lasmo 12.5 pct

Central Fuel Caspian Sea Ltd 12.5 pct

(Russia's Central Fuel Co.)

NB Royal Dutch/Shell was in advanced talks last November to buy Lasmo and Central Fuel Company's stakes in the Inam project and is likely to make an announcement soon.

12) -Alov, Araz and Sharg

-Production sharing contract signed

July 21, 1998, in London

-Ratified by parliament Dec. 18, 1998

-Projected investment $9-10 billion

Breakdown of shares:

SOCAR 40 pct

BP Amoco 15 pct (Operator)

Statoil 15 pct

TPAO 10 pct

Alberta Energy 5 pct

Exxon Mobil 15 pct

13) -Kursanga and Karabalga (onshore)

-Production sharing contract signed

Dec. 15, 1998

-Projected investment $790 million

-Ratified by parliament April 16, 1999

Breakdown of shares:

SOCAR 50 pct

Frontera Resources 30 pct (Operator)

Delta Hess 20 pct

14) -Southern sector of Caspian Sea,

Yavan-Tava, Atashgyakh,

Mugan-Deniz

-Production sharing contract

signed Dec. 25, 1998

-Projected investment $2.3 billion

Breakdown of shares:

SOCAR 50 pct

Japex 22.5 pct (Operator)

Inpex 12.5 pct

Teikoku 7.5 pct

Itochu 7.5 pct

15) -Zafar and Mashal

-Production sharing contract signed

April 27, 1999, Washington

-Projected investment $2.5-3.0 billion

Breakdown of shares:

SOCAR 50 pct

Exxon Mobil 30 pct (Operator)

Conoco 20 pct

16) -Savalan, Dalga, Lerik-Deniz

and Janub

-Production sharing contract signed

April 27, 1999, Washington

-Projected investment $2.5-3.0 billion

Breakdown of shares:

SOCAR 50 pct

Exxon Mobil 30 pct (Operator)

Unallocated 20 pct

17) -Block in lower Kura river

valley (onshore)

-Production sharing contract signed

April 27, 1999, Washington

-Projected investment

$500 million-$1 billion

Breakdown of shares:

Moncrief 80 pct (Operator)

SOCAR 20 pct