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Exploration News in Azerbaijan

MoU Signed Between SOCAR & JSC NC KazMunayGas
MoU Signed Between SOCAR & JSC NC KazMunayGas 1/28/2019 - Representatives of SOCAR headed by the President Rovnag Abdullayev held a meeting in Baku with a delegation from Kazakhstan, led by Alik Aydarbayev, Chairman of the Management Board of the JSC Nationa...
SOCAR & BP Sign New Production Sharing Agreement for Azerbaijan Exploration
SOCAR & BP Sign New Production Sharing Agreement for Azerbaijan Exploration 4/26/2018 - SOCAR and BP have signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. The P...
Nobel Upstream Completes Risk Service Agreement with SOCAR on the Umid-Babek Field
3/27/2018 - Nobel Upstream, an independent UK-based oil and gas exploration and production company has announced that it has entered into a Risk Service Agreement, and other necessary implementing agreements, wit...
SOCAR & BP Sign MOU to Explore Block D230 in North Absheron Basin
SOCAR & BP Sign MOU to Explore Block D230 in North Absheron Basin 5/24/2016 - SOCAR and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in block D230 in the North Absheron Basin in the Azerbaijan sector of the Caspian Sea. On this occasion, ...
New Well Exploited at Galmaz Gas Storages Field
9/30/2014 - The well # 636 was commissioned at Galmaz Gas Storages field. The daily production of the well, drilled to 3rd Suite by Complex Drilling Works Trust, makes 630000 cubic metres of gas from 2003-1995, 1...
SOCAR Issues Tender for 600bcm of Two Caspian Sea Gas Deposits
9/10/2014 - Azerbaijan state energy company SOCAR has issued a tender for the joint exploration of two major gas deposits in the Caspian Sea with total preliminary reserves of about 600 billion cubic metres (bcm)...
Rosneft and SOCAR Signed a Joint-Venture Agreement
5/24/2014 - Rosneft President, Chairman of the Management Board Igor Sechin and President of the State Oil Company of the Azerbaijan Republic (SOCAR) Rovnag Abdullayev signed a joint venture agreement in the cour...
SOCAR Works Out Schedule to Rectify Accident at Bulla-Deniz Field
8/20/2013 - Under the instruction of SOCAR President, the Commission was set up to eliminate the accident followed by gas show at the exploration well #90 at Bulla-Deniz field.The Commission members are comprised...
Socar, Total & GDF Issue Notice of Discovery for Absheron
7/2/2012 - A ‘Notice of Discovery and its Commerciality’ for the Absheron discovery was submitted on June, 1 on behalf of the partnership Socar - Total - GDF Suez by operator Total E&P Absheron. ...
Total Makes Major Gas Discovery in Caspian Sea
9/9/2011 - Total announces a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The Absheron X-2 well has encountered more than 500 feet of cumulated net gas pays within high quali...
BP and SOCAR Sign Shafag-Asiman PSA
10/7/2010 - BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) had signed a new production sharing agreement (PSA) on joint exploration and development of the Shafag-Asiman structure in the Azerba...
SOCAR launched New Well at Darvin Bankasy
5/6/2010 - SOCAR Complex Drilling Works Trust has launched the drilling of a new well from platform No 660 at “Darvin Bankasy” field. The project depth of the well No 653 drilled to Girmaki Suite makes1540 meter...
RWE, SOCAR Signed MOU for Exploration Activities
3/9/2010 - The RWE Group expands its commitment in Azerbaijan. The company and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a memorandum of understanding to draw up an agreement for th...
BP and SOCAR Sign MOU for New Caspian Acreage
7/13/2009 - BP and SOCAR (the State Oil Company of the Republic of Azerbaijan) announced they have signed a memorandum of understanding (MOU) to jointly explore and develop the Shafag and Asiman structures in the...
GDF Suez Enters Exploration-Production in Azerbaijan
9/4/2008 - GDF Suez has just acquired a 15% stake in an offshore Exploration-Production license in Azerbaijan. License D-222, 65%-owned by Lukoil Overseas and 20%-owned by the national Azeri company Socar, conta...
Total Signs Heads of Agreement with SOCAR for the Absheron Area in Azerbaijan
6/5/2008 - Total announces that it has signed a heads of agreement with Azerbaijan’s state-owned SOCAR, setting out the main terms of a production sharing agreement (PSA) for a license in the Absheron area. Tota...
BP Makes Major Gas Discovery in Azerbaijan's Shah Deniz Field
11/14/2007 - BP announced a further major new gas-condensate discovery in the Shah Deniz field in the Caspian Sea. The SDX-04 appraisal and exploration well, some 70 kilometres south east of Baku, discovered a new...

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