SOCAR Vice-President says new fields should be discovered to keep oil price stable

SOCAR Vice-President says new fields should be discovered to keep oil price stable
# 14 October 2015 13:56 (UTC +04:00)

According to him, SOCAR is conducting offshore exploration works in the depth: “But mainly gas and condensate fields exist in these depths. Exploration of oil fields there are complicated. We return to onshore explorations again. There are Mesozoic sediments there. SOCAR intends to start exploration works with the new technologies. We have signed contracts with several foreign companies in this regard”.

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