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SOCAR AQS considering possibility of investing in Ukrainian subsoil

Oil&Gas Materials 27 July 2021 13:19 (UTC +04:00)

BAKU, Azerbaijan, July 27

By Leman Zeynalova – Trend:

SOCAR AQS of Azerbaijan is considering the possibility of investing in Ukrainian subsoil, Head of the State Service of Geology and Subsoil of Ukraine Roman Opimakh wrote on Facebook, Trend reports.

“Kiev hosted a working meeting with representatives of SOCAR AQS to discuss cooperation in the field of subsoil use. Representatives of SOCAR AQS showed interest in investing in Ukrainian subsoil because of the significant potential of both carbohydrates and raw materials for the production of batteries for electric vehicles and electronics,” he wrote.

Opimakh also invited Azerbaijani partners to pay attention to the Investment Atlas of a Subsoil User, worked out by the State Service of Geology, containing vacant subsoil areas with deposits of strategic and critical minerals, as well as a data-room of secondary geological information filled with descriptive information about subsoil use objects.

The parties agreed to continue the dialogue to launch and implement joint business projects.

SOCAR AQS was established in 2007, as an integrated drilling and well services management company between SOCAR (the State Oil Company of Azerbaijan Republic), Nobel Oil Services and AQS (Absheron Drilling Company). Nobel Oil Services – a diversified group of companies specialized in the oil and gas industry – is a major shareholder of SOCAR AQS JV.

The company has been a contractor member of IADC since 2009. SOCAR AQS has been assessed and certified as meeting the requirements of ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 international standards for: Provision of Integrated Offshore Oil & Gas Drilling and Well Services; Casing Running Services and BOP and Wellhead Equipment Repairing and Testing Services.

In 2017, SOCAR AQS was certified as meeting the requirements of the API Spec Q2 Quality Management System Standard for the Provision of Integrated Offshore Oil & Gas Drilling & Well Services.

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Follow the author on Twitter: @Lyaman_Zeyn

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