SOCAR and Total hold negotiations on great sea project in Azerbaijan

SOCAR and Total hold negotiations on great sea project in Azerbaijan
# 12 July 2019 18:48 (UTC +04:00)

SOCAR and Total Company of France continue negotiations on exploration and development of sea block including “Umid” field and perspective “Babek” structure, situated in Azerbaijan sector of the Caspian Sea, a reliable source in Azerbaijan oil-gas market told to APA-Economics.

According to the source, there is not any agreement in Total’s participation in exploration and development of Umid-Babek block.

The source stated that Umid-Babek issue is at negotiation level yet. Total is so interested in participation in this project. 

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THE OPERATION IS BEING PERFORMED