Baku: The State Oil Company of the Republic of Azerbaijan (SOCAR) and SLB have entered into a partnership to fast-track the redevelopment of the Bahar and Gum-Deniz offshore fields in the Caspian Sea, according to SOCAR’s announcement to Trend. The agreement between the two entities aims to enhance production and extend the lifespan of the existing offshore infrastructure.
According to Trend News Agency, the collaboration will concentrate on pinpointing promising production zones and developing sophisticated reservoir models. Additionally, the partnership will involve designing well and drilling rig programs to support an Early Production Scheme at the targeted fields. This initiative is part of SOCAR’s broader strategic roadmap to boost hydrocarbon production while ensuring the sustainability of its operations.
Babak Huseynov, SOCAR Vice President for Development and Production Operations, emphasized the significance of this partnership during the signing ceremony. He noted the successful history of cooperation between SOCAR and SLB and indicated that this project marks a crucial step in optimizing output from mature fields through advanced techniques. Huseynov expressed confidence that the initiative will lay a robust technical groundwork for future redevelopment phases at the Bahar and Gum-Deniz fields.