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Baku Shipyard, BP sign contract

On April 23, Baku Shipyard and BP (on behalf of the Shah Deniz consortium) signed a contract to design and build a Subsea Construction Vessel (SCV).
Speaking at the event, SOCAR President Rovnag Abdullayev said that Baku Shipyard is well placed to support Azerbaijan’s growth in the oil and gas sector. The SCV is the first major contract secured by Baku Shipyard since its inauguration by the President of Azerbaijan Republic, H.E. Ilham Aliyev. Shahin Mustafayev, Minister of Economy and Industry of Azerbaijan, noted the importance of building the Vessel in realization of Shah Deniz-2 project.

Afterwards, Gordon Birrell, BP's Regional President for Azerbaijan, Georgia and Turkey and David Loh, Baku Shipyard General Manager, signed the contract. According to them, signing the agreement with BP highlights the high level of technical equipment at the shipyard and its compliance with international standards.

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New well commissioned on Oil Rocks field

The well # 2239 from the platform # 2521 was commissioned at Oil Rocks field.
The daily production of the well, drilled to Girmaki Suite by Complex Drilling Works Trust, makes 14 tonnes of oil from 1193-1178 meters. It will be commissioned by Oil Rocks OGPD.

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New well commissioned on Guneshli field

The well # 351 from the platform # 13 was commissioned at Gunashli field.
The daily production of the well, drilled to Fasila Suite by SOCAR-AQŞ JV, makes 75 tonnes of oil and 11 thousand cubic meters of gas from 3065-3027 meters. It will be commissioned by 28 May OGPD.

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New well commissioned on Oil Rocks field

The well # 2610 from the platform # 418a was commissioned at Oil Rocks field.
The daily production of the well, drilled to Gala Suite by Complex Drilling Works Trust, makes 12 tonnes of oil from 1065-1050 meters.

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The State Oil Company of Azerbaijan… at a glance

Discover SOCAR

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.

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International ratings

When investors and credit organizations wish to cooperate with any company, first of all the international rating of the company in discussion is reviewed.

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