SOCAR-BGP venture to explore Caspian

State Oil Co. of the Azerbaijan Republic (SOCAR) and China National Petroleum Corp. subsidiary BGP Inc. have signed an agreement forming a joint venture to conduct seismic exploration in Azerbaijan and the Caspian Sea.
Oct. 3, 2018

State Oil Co. of the Azerbaijan Republic (SOCAR) and China National Petroleum Corp. subsidiary BGP Inc. have signed an agreement forming a joint venture to conduct seismic exploration in Azerbaijan and the Caspian Sea.

The companies in June had signed a memorandum of understanding to cooperate in geological and geophysical services.

They didn’t indicate when surveys might begin.

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