SOCAR Attracts Consultant to Analyze Development of Twenty Deposits
2017 November 08 ( Tuesday ) 10:17:52
Baku/08.11.17/ Turan: The US consulting company DeGolyer and MacNaughton will prepare recommendations for the effective development of deposits in Azerbaijan on the order of SOCAR, SOCAR said.
SOCAR and DeGolyer and MacNaughton signed an agreement on the analysis of the effectiveness of the process of developing deposits and increasing production from the fields of SOCAR and on technical support.
According to the agreement, the US company will be involved in providing services for effective management of oil and gas facilities on the existing SOCAR fields operated for a long period, the information says.
Under the agreement, DeGolyer and MacNaughton will analyze the development plans for 20 fields, and will prepare recommendations for increasing the level of oil production and the oil recovery factor, reducing oil production costs, and recommendations for determining strategic goals, and will also participate in their implementation.
DeGolyer and MacNaughton carried out similar work in Russia and Kazakhstan and achieved good results, the information says. -0-