SOCAR to sign contract for deep ACG reserves

SOCAR to sign contract for deep ACG reserves


Azeri state oil company SOCAR plans to sign a contract for the development of deep-lying reserves at the Azeri-Chirag-Gunashli fields, company First Vice President Khoshbakht Yusifzade told Interfax. “A contract with a consortium of foreign companies for the development of the Azeri-Chirag-Gunashli fields, signed in 1994, deals with the development of beds up to Svita Pereryva inclusive. However, now we anticipate that there are significant reserves of hydrocarbons in lower beds also. However, t...


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