10:43 - 2.10.2025

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October 2, Fineko/abc.az. The State Oil Company of Azerbaijan (SOCAR) and international technology company SLB have signed an important partnership document aimed at accelerating the process of re-development of fields Bahar and Gum Deniz in the Caspian Sea.

ABC.AZ reports, referring to SOCAR, that this partnership envisages identification of promising production areas, development of integrated reservoir modeling and the design of programs for wells and drilling rigs in order to support the early production scheme (EPS) in these fields.

The project will play a key role in SOCAR's long-term strategy to increase oil production and extend the life of mature offshore assets. This initiative aims to develop practical development scenarios that will accelerate production while ensuring operational efficiency and sustainability of processes.

Speaking at the signing ceremony, Babek Huseynov, SOCAR's Vice President for Development and Production Operations, spoke about the successful partnership between the two organizations. The Vice President noted that the project is an important step towards optimizing production at mature fields using advanced methods, and expressed confidence that the technical foundation will be laid for the next stages of reconstruction of the Bahar and Gum-Deniz fields.