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Hydrocarbon Reserves
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The State Oil Company of the Republic of Azerbaijan (SOCAR) has launched a new phase of offshore exploration in Azerbaijan’s sector of the Caspian Sea with detailed seabed studies at the promising Goshadash structure. The project marks a preparatory stage ahead of a large-scale seismic survey that will use advanced Ocean Bottom Node (OBN) technology, underscoring Azerbaijan’s commitment to expanding its hydrocarbon resource base and maintaining its role as a key energy supplier to regional and global markets.13 Mar 2026-13:40
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Amid global energy transformations and geopolitical instability, ensuring energy security has become a top priority for countries with substantial hydrocarbon reserves.26 Feb 2025-12:48
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