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Azerbaijani SOCAR AQŞ and Bangladeshi BAPEX sign MoU

SOCAR AQS and BAPEX signed a MoU on cooperation in the new oil & gas projects.

Azerbaijani SOCAR AQŞ and Bangladeshi BAPEX sign MoU

SOCAR AQS and Bangladesh BAPEX signed on February 20, 2018, a MoU on cooperation in the new oil & gas projects in Bangladesh.

The memorandum was signed between Deputy Director of SOCAR AQS Eldar Yaradanguliyev and Bapex Managing Director Naushad Islam.

Director Gen. of SOCAR AQS Ramin Isayev said: «In accordance with the export oriented policy of our country, SOCAR AQS participated and won the international tender in the field of drilling services, announced by BAPEX. We are proud to participate in the development of oil & gas fields in Bangladesh, where economy grows about 7% per year, and we look forward to expand our cooperation».

Bapex Managing Director Naushad Islam said: «Rich experience of Azerbaijani oil workers has always been the best school for our region's oil industry workers. The innovative image of SOCAR AQS in the national drilling industry and the projects pioneered by the company, have played an important role in realisation of this cooperation. I am assured that we will continue to cooperate with the company on other projects as well».

After winning the international tender previously announced by BAPEX, SOCAR AQŞ will conduct the drilling and construction of the onshore wells: Semutang Dakkhin 1, Begumganj 4, and Modarganj 1.

2 wells will be drilled for exploration and 1 well for appraisal purposes.

SOCAR AQS was established as an integrated drilling and well services management company between SOCAR and Absheron Drilling Company (AQS) in 2007.

The core business of the company is to provide a complete package of wells by providing modern techniques and technologies. SOCAR AQS has conducted over 200,000 metres of drilling works up to date and has delivered 67 wells to its’ customers.

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