Azerbaijan, Baku, Dec.4 / Trend /
The Department of Geology and Geophysics of the State Oil Company of Azerbaijan (SOCAR) and BP Exploration (Azerbaijan) signed a Memorandum of Understanding to provide technical services, SOCAR said.
The document was signed by the Department head Vagif Abdullayev and BP Exploration (Azerbaijan) Vice President on exploration Greg Riley.
The memorandum reflects the intention of signing a contract to provide exploration services, seismic data processing, preparation of geological and geophysical maps and other technical services.
During the signing ceremony SOCAR's First Vice-President Khoshbakht Yusifzade voiced the confidence in the company's further cooperation with BP, which will give positive results.
Also, a presentation of the four projects, prepared based on BP's order, was held. The projects have been prepared by representatives of the Department of Geology and Geophysics, the "Neftgazelmitedgigatlahiye" Institute, as well as the Institute of Geology of the Azerbaijani National Academy of Sciences.
Within the projects the data of wells of the South Caspian, as well as sites located between the Shah Deniz field and other fields, were analyzed.