Bangladesh Exploration & Production Co. Ltd. (Bapex) has selected a joint venture drilling and services contractor from Azerbaijan to drill two exploration wells and one appraisal well.
Socar AQS will drill onshore wells in Bangladesh designated Semutang Dakkhin 1, Begumganj 4, and Modarganj 1.
State Oil Co. of the Azerbaijan Republic holds 51% of Socar AQS. Absheron Qazma, a unit of Noble Oil Services of Baku, holds 49%. Bapex and Socar AQS also signed a memorandum of understanding covering cooperation on oil and gas projects in Bangladesh beyond the new drilling contract.
