Records were broken at this year’s Caspian Oil and Gas exhibition and conference: 15,000 visitors attended the show, 10,000 of whom were trade – the highest number in the eight-year history of the show. Visitors came from a record 57 countries. The conference, with its theme “A Year of Milestones,” attracted a record number of attendees, with a no-charge policy ensuring all can participate. This year featured sessions devoted to Caspian update, offering the latest news and achievements on Caspian field development, oil and gas infrastructure and transportation projects; regional procurement and equipment supply; government restructuring and policy in relation to oil revenue management and privatisation; and regional co-operation. With 335 exhibiting companies from 28 countries the exhibition provided visitors with a valuable insight into the products and services available globally. As ever, a great deal of business was done at Caspian Oil and Gas 2001. On the opening day BP awarded France’s Technip the FEED contract for its Shah Deniz gas condensate field. BP also announced – in the conference in a paper by Stephen Loss – its intention to establish a President’s Award for Supply to encourage high business standards among suppliers based in Azerbaijan to recognise innovation, good health, safety and environmental practice, and reliable service. Recipients will be recognised by BP as reaching a high standard globally. Other projects and orders were announced by Corus (UK and the Netherlands), RB Pipetech (UK), Alco Hi-Tek (part of the Alco Valves Group, who received global approval from Shell for its range of double block and bleed valves), Halliburton and others. Next year’s event will be held on 4–7 June 2002.