BAKU, Azerbaijan, June 2. SOCAR is considering
opportunities to speed up exploration in Azerbaijan, the company's
Vice President, Arzu Javadova, said at a panel discussion held on
the second day of the Baku Energy Week, Trend reports.
According to her, projects are selected according to specific
criteria, taking into account which can be implemented
independently and which require partners to share risks and
costs.
She also emphasized that the company has intensified its efforts
to build a team of specialists in geosciences and subsurface
exploration, implement new tools, and analyze data.
"As part of the current strategy, geological exploration is
being conducted in three main areas: onshore, in the Middle
Caspian, and in the South Caspian.
Prospective zones onshore are being identified, including
Shamakhi-Gobustan, Yevlakh-Aghjabadi, and others," she said.
The company's vice president emphasized that deeper horizons,
including a pre-production series, are being considered in the
offshore Caspian, and a number of projects are already at the
drilling readiness stage.
