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03.06.2016 16:41

The informative value of the conference

Jeremy Huck, CEO of Nobel Upstream

– For any major market player it is very important to learn the latest news and be up-to-date on various companies. In particular, the plans and future projects of the State Oil Company of the Republic of Azerbaijan (SOCAR) are of great interest. Examples are the newsworthy reports made by SOCAR representatives at the Caspian Oil and Gas Conference. This forum is a good opportunity to meet and communicate with all professionals working in this sector.

Although Nobel Upstream is not participating in the large projects related to Shah Deniz 2, we still have interests in Azerbaijan. At the moment, we basically have two activities here. First, the company is studying the possibility of increasing onshore oil production. And so far, we have studied geological prospecting data to identify promising sectors for development. Second, we have long been involved in developing the Umid gas field. Located in the southern basin of the Caspian Sea, it is one of the largest natural gas fields in Azerbaijan. Our company works to fulfill the bright future in Umid.

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