After some weeks of discussions, Socar and Statoil have now reached and signed agreements on joint E+P of fields and structures in the Caspian Sea and on commercial principles for the devt of the offshore Karabakh o/g/c field in late Dec â17. A feasibility study for Karabakh is under preparation, with a view to production start in 2021. Background from GEPS. 
Socar and Statoil have signed agreements on joint E+P of fields and structures in the Caspian Sea and on commercial principles for the devt of the offshore Karabakh o/g/c field.