Saturday, 04 December 2021 11:09 GMT

SOCAR, TOTAL mull oil, gas cooperation

(MENAFN- AzerNews) By Ayya Lmahamad

Azerbaijan's State Oil Company and TOTAL Energies have discussed the issues of closer cooperation in the oil and gas sector.

The discussion took place during SOCAR President Rovnag Abdullayev's meeting with TOTAL Energies' Senior Vice President for carbon neutrality Christine Haley and Regional President and Vice President for Kazakhstan, Azerbaijan and Tajikistan Peter Holding.

During the meeting, the parties exchanged views on the joint projects implemented by the two companies.

They stressed the importance of the construction and installation works carried out within the Absheron project, noting the measures being taken to improve the efficiency of activities.

At the same time, TOTAL's interest in long-term cooperation with Azerbaijan was confirmed.

The Agreement on Exploration, Development, and Production Sharing at Absheron prospective structure was signed on February 27, 2009.

The operator of the project is JOCAP (Joint Operating Company Absheron Petroleum), a joint venture of SOCAR Absheron and TOTAL E & P Absheron.

The Absheron gas condensate field is located in the Caspian Sea, to the southwest of the Azeri-Chirag-Guneshli field block, at a depth of 500 meters.


Ayya Lmahamad is AzerNews' staff journalist, follow her on Twitter: @AyyaLmahamad

Follow us on Twitter @AzerNewsAz


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.