VOL. XLI

No. 25

22-June-1998

FSU

Socar Creates Second Rig Club In Azerbaijan

The State Oil Company of Azerbaijan (Socar) along with Elf Petroleum Lenkoran TalyshBV, Mobil Exploration and Producing Azerbaijan Inc., and Agip Azerbaijan BV issued a jointpress release on 8 June announcing that the four parties have entered into an agreement toprovide additional offshore drilling services in the Caspian Sea. Under this agreement,the three operating companies and SOCAR will share the costs to...