Azerbaijan Gets Jack-Up Rig for Caspian Sea Ops from Kazakhstan
Kazakhstan’s state-owned oil and gas company KazMunayGas (KMG) has delivered a jack-up drilling rig named Satti to Azerbaijan’s SOCAR for operations in Azerbaijan’s sector of the Caspian Sea. The Satti rig arrived in Baku on Wednesday, June 19. The welcoming ceremony was attended by Alik Aidarbayev, the Chairman of the Management Board …
Equinor, SOCAR Mull Development of Karabakh Field
In July, Azerbaijan’s state oil company SOCAR and its partner on exploration and development of the Karabakh field will familiarize themselves with the progress of work on the reconstruction of the drilling rig, which will be used at an evaluation exploratory well at the field, Trend reports with reference to SOCAR. They …
Azerbaijani SOCAR to Increase Oil Production in Kashkadarya
JSC Uzbekneftegaz and SOCAR’s subsidiary LLC “NIPI NEFTEGAZ” have signed an agreement to increase oil production in Kashkadarya within the framework of the XXIII International exhibition and conference “Oil and Gas of Uzbekistan OGU – 2019”, the press service of the JSC Uzbekneftegaz reported. The document defines the main conditions …
Baku Hosts SPE’s 6th Annual Caspian Technical Conference
The Society of Petroleum Engineers (SPE) will hold the 6th edition of its renowned Caspian Technical Conference (CTC) in Baku, Azerbaijan on the 16-18 October. Hosted by SOCAR, the Caspian region’s leading oil and gas company, the event will take place at the iconic Fairmont Baku, Flame Towers. Themed as …
ACG Shareholders Considering Buying Exxon and Chevron Shares
Shareholders of the project for development of Azeri-Chirag-Gunashli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea are considering buying shares held by the U.S. ExxonMobil Corporation and Chevron, Elshad Nasirov vice president for marketing and investment at Azerbaijan’s state oil company SOCAR told Bloomberg. …
BP to Conduct Seismic Survey on Block D230 for 2019-2020
BP Azerbaijan is planning to conduct three-dimensional seismic exploration on the D230 block in the Azerbaijani sector of the Caspian Sea in 2019-2020. This is stated in the Environmental and Socio-Economic Impact Assessment (ESIA) document for the seismic exploration program on BP-Azerbaijan’s D230 block, Report informs. According to the document, the seismic survey will …
Chevron to Quit Caspian Field
US major Chevron has told Azeri state-run Socar and PB, operator of the Azeri-Chirag-Guneshli block, that it plans to leave this project in order to focus on its other businesses, an Azerbaijan government source told NGW December 5. Reuters cited industrial sources December 4, who said that both Chevron and Exxon Mobil are seeking to sell …
SOCAR AQS Beats New Record
A few days ago SOCAR AQS set a new record in the history of national drilling industry. With application of a new-generation drilling rig, Drillmec HP 3000, the company successfully ran, with single trip, a heavy-weight intermediate casing in Well 113 of Platform 6 on Bulla Field. Thus, the company successfully ran …
Azerbaijan’s SOCAR in Talks to Develop Oil Field in Russia
Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported. Nasirov also said that SOCAR had proposed extending its gas contract with Gazprom to …
Statoil Azerbaijan and SOCAR Sign New Agreement in Azerbaijan
Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s state oil company SOCAR have today, 30 May, signed a Risk Service Agreement (RSA) related to the appraisal and development of the Karabagh oilfield and a Production Sharing Agreement (PSA) for the Ashrafi, Dan Ulduzu, Aypara area. The Karabagh oilfield is …