(MENAFN- AzerNews)
By Ayya Lmahamad
Uzbekneftegaz specialists have paid a visit to Azerbaijan's
State Oil Company (SOCAR) to exchange experience on the application
of new technologies for wells' workover and study the company's
experience in the implementation of projects on increasing
hydrocarbon production under risk service conditions, Azernews
reports per Uzbek media sources.
The visit was carried out in accordance with the July 5 roadmap
developed to expand cooperation in the oil and gas sector between
Uzbekneftegaz and SOCAR.
The delegation members first held a meeting with SOCAR Vice
President for field development Yashar Latifov and the company's
management, during which they discussed issues of interest to the
parties in the implementation of the roadmap.
Moreover, within the framework of the working visit, the
delegation visited SOCAR Upstream, where they got acquainted with
the experience of the projects on increasing hydrocarbon production
in terms of risk-service and production sharing agreements.
Uzbekneftegaz's specialists also visited SOCAR NIPI Neftegas
LLC, where they met with Institute's Director Fahraddin Ismayilov.
During the meeting, they discussed the issues of the workover of
wells.
The specialists also got acquainted with the activities of
Binagadi Oil Company, Salyan Oil Ltd, and Shirvan Operating Company
LTD. In addition, they visited Azneft PA, where presentations on
the planning of workover operations, methods of increasing oil and
gas recovery and repair, and insulation works were made.
Considering the rich experience of SOCAR in the implementation
of the abovementioned projects, it is planned to establish the
channel for exchange of experience for possible further
implementation in Uzbekneftegaz and invite SOCAR to participate in
the bidding for contractor selection to provide services for the
increase of hydrocarbons production in 25 fields of
Uzbekneftegaz.
Diplomatic relations between Azerbaijan and Uzbekistan were
established on October 2, 1995. The embassy of Azerbaijan in
Uzbekistan was established in August 1996, while the embassy of
Uzbekistan in Azerbaijan was opened in July 1998.
The friendly relations between the two countries are based on
shared values and historical ties, as well as a number of joint
statements and agreements signed during bilateral visits and
meetings.
The volume of trade turnover between Azerbaijan and Uzbekistan
amounted to $111.9 million in 2021.
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Ayya Lmahamad is AzerNews' staff journalist, follow her on
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