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SOCAR and BP expand cooperation in developing national capabilities

On September 1, SOCAR and BP signed two documents to enhance their cooperation in the training and development of national work force specializing in the oil and gas industry related disciplines and in the human resources area.
Under the contract for cooperation in the area of training of national workforce at SOCAR’s Gobustan Regional Training Centre, BP commits to support the vocational and technical discipline training of 100 representatives of the local communities residing in the neighbourhood of the Sangachal Terminal - Sangachal, Umid, Azimkend and Gobustan settlements. BP and its co-venturers will cover the tuition and other expenses related to the one-year training of the selected community members.

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Well #84 commissioned after total overhaul on Gunashli field

Recently the well #84 drilled from the platform #5 has been put into commission after total overhaul.
The daily output of the well drilled to Girmaki Suite makes 180 000 cubic metres of gas and 40 tons of condensate from 3426-3387 metres depth.

The well is commissioned by 28 May OGPD.

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SOCAR delegation pays visit to Iran

SOCAR delegation led by SOCAR’s first vice-president academician Khoshbakht Yusifzade paid a visit to Islamic Republic of Iran by invitation by the management of Iran’s Khazar Exploration and Production Company (KEPCO) on August 18-20.
Azerbaijani delegation held meetings at Petroleum Ministry and petroleum companies of Iran. During the meetings of academician Khoshbakht Yusifzade with Roknoddin Javadi, First Deputy Petroleum Minister of Iran and general director of National Iranian Oil Company (NIOC), Ali Majidi, Iranian Deputy Oil Minister for International Affairs & Trade, and Azizollah Ramezani, Director of the National Iranian Gas Company (NIGC) for International Affairs, the sides discussed the state and prospects of the Azerbaijani-Iranian cooperation in the oil and gas sector, the opportunities in the field of oil and gas production, transportation and export of the parties, seasonal gas transit between the two countries.

In the meeting with the Azerbaijani delegates KEPCO’s CEO Ali Osuli stated that his company is interested in cooperation with SOCAR in the Caspian. The parties also stressed the significance of expanding Azerbaijani-Iranian partnership in the Caspian Sea and in the international oil and gas projects.

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New well drilled on Gunashli field

SOCAR continues drilling works at the well #33 from the platform #13 on Gunashli field in the Azerbaijani sector of the Caspian Sea.
The projected depth of the well, drilled to Girmaki Suite by the SOCAR AQS LLC, makes 3500 metres. According to geologists, daily production rate of the well will make 150 000 cubic meters of gas and 15 tons of condensate. It will be commissioned by 28 May OGPD.

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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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