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Wednesday, 04 October 2017 11:30

SOCAR centralizes project management

SOCAR centralizes project management

Socar Azneft and Socar-Umid have merged, Vergilar newspaper said, Caspian Energy News (www.caspianenergy.net) reports with reference to marja.az.

It should be noted that SOCAR-Umid deals with the development of the Umid gas condensate field in the Azerbaijani sector of the Caspian Sea.

The Umid field is located at 75 km south of Baku, at a distance of 40 km from land. The field was discovered in 2010. This is the first field discovered directly by SOCAR. According to the preliminary data, the total reserves of the field are estimated at 200 billion cubic meters of gas and 40 million tonnes of condensate.

More details: http://marja.az/news/13941?title=socar-in-iki-muessisesi-birlesib

Person in charge of the newsline: Fidan Isayeva 

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