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In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.
Read More »Azerbaijan. BP Extend Deal for Caspian Oil Field Until 2050
BP Launches New Vessel for Shah Deniz Stage 2 Project
BP stated that the crane is capable of placing 750t subsea structures as far as 600m below sea level.
Read More »Norwegian Company to Provide Technology for Deep-Water Drilling at Azerbaijani Gas Field
Absheron’s reserves are estimated at 350 billion cubic meters of gas and 45 million tons of condensate. according to the estimations of SOCAR geologists.
Read More »SOCAR Launches Platform at Azerbaijani Offshore Field
In 2016. SOCAR produced 7.52 million tons of oil from Azerbaijan’s offshore and onshore fields. as compared to 8.16 million tons in 2015.
Read More »SOCAR Gets 4 New Licenses in Turkey
It is expected that in 2018. the consolidated turnover of SOCAR Turkey Enerji will reach $15 billion.
Read More »SOCAR to Drill 8 Additional Wells at Offshore Field
SOCAR produced 3.71 million tons of oil from Azerbaijan’s offshore and onshore fields in January-June 2017. as compared to 3.78 million tons in the same period of 2016.
Read More »SOCAR. LUKOIL Eager to Acquire Assets in Turkish Market
LUKOIL owns a 10-percent stake in the consortium for the development of the giant Shah Deniz gas field in Azerbaijan.
Read More »SOCAR Plans to Implement Second Petrochemical Project in Turkey
As of today. SOCAR investments in Turkey reached about $19.5 billion. a part of which has been invested in the Star refinery.
Read More »SOCAR: Change in Gasoline Prices to Accelerate Modernization of Oil Refining Industry
Azerbaijan imports Premium gasoline and its free price. as it is known. is quite high in the market.
Read More »Gazprom. SOCAR Energy Companies CEOs Discuss Gas Supplies to Azerbaijan
The SOCAR is Azerbaijan’s largest oil and gas company and AzMeCo’s activity is focused on petrochemical projects development.
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