Equinorâs Statoil Azerbaijan unit has signed with Socar a risk service agreement related to appraisal + devt of the Karabagh oilfield and a PSA for the Ashrafi, Dan Ulduzu + Aypara area NE of Baku in the Caspian, results of a study agreement last year (DEA 16 Mar â17). The licences are in close proximity to the ACG field (map below courtesy Equinor). Statoil Azerbaijan and Socar will form a 50:50 JOC to run the permits, whose finalisation is subject to usual approvals.
Azerbaijan (Gulf of Suez B.) Ashrafi