BAKU, Azerbaijan, July 15
By Fatima Zulfigar - Trend:
The State Oil Company of Azerbaijan (SOCAR) and France's Technip Energies entered a cooperation agreement to study sustainability measures in the offshore upstream activities, including CO2 emission reduction, improvement of power efficiency and associated optimization in the total cost of ownership, Trend reports on July 15 with reference to SOCAR.
The cooperation agreement includes evaluation of a joint pilot project for offshore energy production on a floating wind turbine. The pilot project envisages energy supply for upstream operations in the Caspian Sea.
This would be the first case of offshore wind energy production in Azerbaijan.
At present, upstream operations in the Caspian Sea mainly use electricity generated from natural gas. Among the main objectives of the pilot project is to determine the prospects for the supply of sustainable energy to the upstream sector of Azerbaijan, reduce natural gas consumption and increase gas exports.