Exploration News in Azerbaijan

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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