General – Collaboration
bp and SOCAR announced their intention to collaborate on seismic and well studies in the Caspian basin.
The companies signed an agreement aimed at enhancing geological understanding of the Azerbaijan sector of the Caspian basin.
The agreement follows extensive technical discussions and negotiations between the companies and marks an important step in advancing collaborative subsurface studies in the basin.
Under this agreement, bp and SOCAR will conduct a pioneering seismic study that applies innovative technologies to create a regional pseudo‑3D seismic volume by matching and merging existing 2D and pseudo-3D seismic datasets of various vintages.
This will be the first project of its kind undertaken in the Azerbaijan sector of the Caspian Sea.
The resulting pseudo‑3D seismic volume is expected to greatly improve regional geological interpretation by reducing reliance on individual 2D seismic lines.
It will enable basin‑scale 3D mapping, enhance the understanding of exploration potential, and help derisk future exploration plays across the Caspian basin.
As part of the collaboration, SOCAR will provide bp with 2D seismic lines, well data, and geological samples. In return, bp will procure the seismic processing and laboratory analyses of the samples.
The pseudo‑3D seismic data will be delivered by an experienced contractor with advanced technical capability and a proven track record in applying this technology.
