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Drilling, production and export rates for the second quarter of 2019

In the second quarter of 2019, SOCAR produced 1,9 million tons1 of oil and 1,7 billion cubic meters2 of gas on its own and managed to maintain the production level relatively stable compared to the same period of the previous year.


The company continued to implement a series of comprehensive measures to keep production level stable in the oil and gas fields exploited by itself. The operation of some out-of-exploitation wells has been resumed and drilling of new wells has increased the overall drilling capacity compared to the same period of last year. Thus, in the second quarter of 2019, the company performed more than 41,000 meters3 of drilling work.

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TANAP is fully ready to deliver natural gas to Europe from July 1

TANAP - major section of Southern Gas Corridor completed

The Trans Anatolian Natural Gas Pipeline (TANAP), the major segment of the Southern Gas Corridor is ready to supply Azerbaijani gas directly to Europe from July 1, 2019. After completion of the Trans Adriatic Pipeline (TAP), the last section of SGC, the natural gas produced from Azerbaijan’s Shah Deniz 2 field will be delivered to Europe via TANAP and TAP, adding to the country’s income and making an important contribution to the European energy security. TANAP is now the longest and widest natural gas pipeline in Turkey, Middle East and Europe.
The Trans Anatolian Natural Gas Pipeline, one of the most important projects of long-term strategic energy cooperation between Turkey and Azerbaijan, is complete. The 1850-km pipeline begins in the Turkish Posof district of Ardahan, runs through 20 provinces, 67 districts and 600 villages and reaches Europe at the Greek border in the Ipsala district of Edirne, is ready to deliver the first natural gas to Europe via Trans Adriatic Pipeline (TAP) on the border of Turkey and Greece from July 1, 2019.

TANAP is the most important link of the Southern Gas Corridor, designed to transport natural gas produced from Azerbaijan’s Shah Deniz-2 field initially to Turkey and onwards to Europe. The section of pipeline from the Turkish border with Georgia until Eskişehir of Turkey was launched in an international opening ceremony on June 12, 2018 with the flow of commercial gas to Turkey from June 30, 2018. The final mechanical work in the pipeline between Eskişehir and the Turkish-Greek border was completed at the end of 2018 with the first test pumping held in April 2019.

TANAP, which is now fully ready to transport natural gas to Europe, is the longest and widest natural gas pipeline in Turkey, Middle East and Europe. Next year, after the completion of TAP which connects with TANAP on the Turkish-Greek border, Azerbaijan will start delivering gas to European markets.

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KazMunayGas’ jack-up rig arrives in Baku

After a technical upgrade the jack-up rig will be used by SOCAR CDC in Caspian drilling operations

Satti, a jack-up rig of KazMunayGas sailed from Ersay port of Kazakhstan Republic and arrived in the modern marine supply and logistics base of SOCAR’s Caspian Drilling Company (CDC).
The handover ceremony was attended by Rovnag Abdullayev, President of SOCAR, Alik Aydarbayev, Chairman of the Management Board of the JSC National Company KazMunayGas and other officials.

The upgrade of the Satti JUDR will be carried out by CDC who have extensive experience in the construction and upgrade of drilling rigs. After the work, which is expected to be completed by the end of this year, the rig will be capable of the drilling of exploration wells with a depth of more than 6,000 meters and is expected to increase competitiveness in drilling services in the Caspian Sea.

Following the completion of the upgrade work, it is planned to employ the drilling rig in the operations in the Absheron (SWAP) structure jointly operated by BP and SOCAR, Umid-Babek block, as well as in other projects in the Caspian Sea. During the operation period, Satti JUDR will be under CDC management.

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Bursagaz and Kayserigaz acquisition by SOCAR Turkey completed

The final approval has been reached in the SOCAR Turkey acquisition of German EWE's subsidiaries. Vagif Aliyev, Chairman of SOCAR Turkey said: ''Bursagaz, Kayserigaz, Enervis, EWE Energy and Millenicom will continue their operations under the SOCAR Turkey’s ownership adding value to the Turkish and Azerbaijani economies.
SOCAR Turkey has completed the acquisition of Bursagaz, Kayserigaz, Enervis, EWE Energy and Millenicom. Chairman of SOCAR Turkey Vagif Aliyev, CEO Zaur Gahramanov, as well as the CEO of EWE AG Stefan Dohler and CFO of EWE AG Wolfgang MĂĽcher took part in the signing of final agreement.

After the signing of the sale contracts in January 2019 and obtaining final approval on the issue recently, the five companies will operate from now under the umbrella of SOCAR Turkey together with STAR Refinery, TANAP, Petkim, SOCAR Terminal and Petkim Wind Power Plant.

Vagif Aliyev, Chairman of SOCAR Turkey said Bursagaz and Kayserigaz joining the group complemented SOCAR’s natural gas value chain in Turkey. ''Since entering the Turkish market, we have taken the dynamics and productivity of the sector where we operate into consideration and have focused on integration in all of our investment projects. For 12 years, we have been supplying natural gas to Turkey. Since 2013, SOCAR Turkey has been involved in natural gas sales here. We are the biggest partner of TANAP, the largest Turkish-Azerbaijani project, which provides natural gas transportation.

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The State Oil Company of Azerbaijan… at a glance

Discover SOCAR

The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate.

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International ratings

When investors and credit organizations wish to cooperate with any company, first of all the international rating of the company in discussion is reviewed.

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