The Azerbaijani service company SOCAR AQS is considering the possibility of investing in Ukrainian subsoil, Head of the State Service for Geology and Subsoil Roman Opimakh said following a working meeting in Kyiv on Monday.
“Representatives of SOCAR AQS are interested in investing in Ukrainian subsoil because of the presence of significant potential of both hydrocarbon deposits and raw materials for the production of batteries for electric cars and electronics in our country,” Opimakh wrote on his Facebook page
According to him, the parties agreed to continue the dialogue with the aim of introducing and implementing joint business projects.
Opimakh also invited Azerbaijani partners to pay attention to the Investment Atlas of a Subsoil User, created by the State Service for Geology and Subsoil, 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, land plots within the contours of deposits, and also geological reports.
According to Interfax-Azerbaijan, SOCAR AQS was established in 2007 by the State Oil Company of Azerbaijan (SOCAR), Nobel Oil Services and Abşeron Qazma Şirkəti as a joint venture providing comprehensive drilling and well management services. Nobel Oil Services is the main shareholder of SOCAR AQS.
The main activity of SOCAR AQS is the provision of services and work on the design and planning of wells, drilling oil and gas wells, drilling directional wells, drilling horizontal wells, well completion, workover, sidetracking and drilling of branched wells.
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