SOCAR to use jackup rig of KazMunayGas in its own projects [PHOTO]
![SOCAR to use jackup rig of KazMunayGas in its own projects [PHOTO]](https://www.azernews.az/media/2019/01/28/kazmunaygas3.jpg)
By Trend
Satti, a jackup rig of Kazakhstan’s company KazMunayGas will be delivered to Baku where it will be modernized and later used for drilling work by Azerbaijan’s state oil company SOCAR in the projects in the Azerbaijani sector of the Caspian Sea, Trend reports Jan. 28 with reference to SOCAR.
This is envisaged by the memorandum of understanding signed by SOCAR and KazMunayGas.
The document was signed by SOCAR President Rovnag Abdullayev and Alik Aydarbayev, chairman of the Management Board of the KazMunayGas.
The memorandum envisages a wide range of potential cooperation between the companies, including possible cooperation in geological exploration in the Caspian Sea, joint exploration of geological and geophysical materials on the exploration of hydrocarbon crude as well as transport and trading.
The memorandum was signed following the meeting in Baku between representatives of SOCAR led by Rovnag Abdullayev and a delegation from Kazakhstan led by Alik Aydarbayev.
Kurmangazy Iskaziev, deputy chairman of the Management Board of the JSC NC KazMunayGas, Dimash Dosanov, general director of JSC Kaztransoil and Marat Ormanov, general director of the National Maritime Shipping Company Kazmortransflot also participated in the meeting.
The representatives of both companies discussed the prospects of
wider cooperation between the two companies throughout all segments
of the oil and gas industry and a joint work plan for the near
future.
During the meeting, a letter of intent was signed between SOCAR
Marketing and Operations and National Maritime Shipping Company
Kazmortransflot LLP (NMSC) regarding cooperation prospects in
hydrocarbon transportation.
After the official meeting and discussions, the guests visited an
interactive exhibition at SOCAR Tower, which reflects the ancient
history of Azerbaijan’s oil industry and the new energy strategy of
the republic.
National Company KazMunayGas is Kazakhstan's national operator for
exploration, production, refining and transportation of
hydrocarbons, representing the interests of state in Kazakhstan’s
oil and gas sector.
KazMunayGas was founded in 2002 and includes more than 190 organizations.
The shareholders of company are National Wealth Fund Samruk Kazyna (90 percent) and the National Bank of the Republic of Kazakhstan (10 percent).
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