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SOCAR AGREES UPON LONG TERM LEASING OF �BAKU’ VESSEL

Oil&Gas Materials 30 June 2005 17:48 (UTC +04:00)

The State Oil Company of Azerbaijan (SOCAR) reached an agreement with some foreign companies upon exploitation of the �Baku’ particularized geophysical vessel. �Baku’ vessel will be put into exploitation in the Kazakhstan sector of the Caspian Sea, SOCAR told Trend.

The SOCAR representative said that foreign companies will install a part of their equipment in вЂ�Baku’, that allow the vessel to carry out research works in line with world standards. В"It will be a long-term leasing,В" SOCAR noted.

�Baku’ vessel, earlier belonged to SOCAR, was used by Caspian Geophysical Joint Enterprise for own needs.

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