Rovnag Abdullayev, President of the State Oil Company of Azerbaijan (Socar) announced on 24 November that the company is nearing completion of the first of six planned appraisal wells in the Umid ...

BAKU, Azerbaijan, November 24. Fifteen years have elapsed since the discovery of the Umid field in Azerbaijan, the Ministry of Energy said on its official social media accounts, Trend reports. "Umid ...

BAKU, Azerbaijan, November 24. Azerbaijan today stands as a leading force in both regional and global energy markets, using its substantial natural gas reserves to fully meet domestic demand and ...

BAKU, March 11 (Reuters) - Azerbaijan state energy company SOCAR plans to resume drilling at the Umid gas deposit in the Caspian Sea this week, SOCAR's first vice-president said. SOCAR had halted ...

First production from the field, which was discovered in 2010, has been delivered onshore and introduced to the domestic gas distribution system, Socar president Rovnag Abdullayev said. The output is ...

Azerbaijan's state oil company SOCAR has reached agreements with a number of foreign companies on identification and initial exploration of promising structures in the Azerbaijani sector of the ...

An Azeri Caspian Sea project is set to move into a next development phase after the state-controlled operator completed the last development well into the gas condensate field’s deep high-pressure ...