SOCAR and Ministry of Emergency Situations and Prosecutor General of Azerbaijan Republic Joint Statement on Gunashli Rig Disaster
A sharp change in weather conditions in the country created serious problems in the conduct of offshore oil and gas operations. On December 4th 2015, north wind speed reached 38-40 meters per second whilst the wave height in the open sea was 8 meters and more. In the evening incessant …
SPE Caspian Technical Conference and Exhibition: Technology and Human Potential Hold the Key
The second SPE Caspian Technical Conference and Exhibition (CTCE), officially got underway today at the Fairmont Hotel in Baku, with over 500 oil and gas professionals from IOCs and NOCs, as well as government representatives, service companies, scientists, and others expected to attend and contribute. Speaking at the opening of …
Caspian Technical Conference and Exhibition: Obtains Ministry of Energy Official Support
The Society of Petroleum Engineers (SPE) is delighted to announce that this year’s Caspian Technical Conference and Exhibition has obtained the official support of the Ministry of Energy, and that Natig Aliyev, Minister of Industry and Energy of the Republic of Azerbaijan has been invited to address the conference at …
SPE Annual Caspian Technical Conference and Exhibition: High Level Panel Target Hot Topics
This year’s SPE Annual Caspian Technical Conference and Exhibition—taking place 4–6 November in Baku, Azerbaijan—will feature three high-level panel sessions addressing the most topical trends, challenges and opportunities facing the oil and gas industry in the Caspian. The three panel sessions have the confirmed participation of some of the region’s …
Gazprom: Resumed Gas Export to Azerbaijan to Meet Growing Demand of Republic
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The parties addressed issues of the bilateral cooperation in the energy sector between the two companies. The point of the …
ROA/CIS Offshore: SOCAR Sending Delegation
The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan. The official delegation …
Statoil Completes Sale of 15.5% Share in Shah Deniz to PETRONAS
On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% …
BP and SOCAR Sign Absheron PSA
BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea. This new agreement is part …
SOCAR: New Well Commissioned on the Gunashli Field
SOCAR has commissioned the well #33 from the platform #13 on Gunashli field in the Azerbaijani sector of the Caspian Sea. It was drilled to the Girmaki Suite by SOCAR AQS JV. Daily production rate of the well makes 45 tons of oil and 158000 cubic meters of gas from …
SOCAR: New Well Drilled on Oil Rocks Field
SOCAR launched the drilling works at the well #2604 from the platform #2585 on Oil Rocks field.The projected depth of the well drilled to Girmaki Suite by the Complex Drilling Works Trust makes 2250 metres. According to geologists, the daily debit of the well, to be commissioned by Oil Rocks …