State Oil Company of Azerbaijan Republic - Oil & Gas - Deals and Alliances
Profile
Reference Code: GDGE6993D Publication Date: SEP 2012
Company Overview Key Facts
State Oil Company of Azerbaijan Republic (SOCAR) is an oil and gas company,
State Oil Company of Azerbaijan Republic, Oil &
based in Azerbaijan. The company explores oil and gas fields, produces, processes,
Gas, Key Facts
and transports oil, gas, and gas condensate, markets petroleum and petrochemical
products in domestic and international markets, and supplies natural gas to industry Web Address www.socar.az
and the public. It has three production divisions, two oil refineries and one gas
Revenue (US$ million) NA
processing plant, an oil tanker fleet, a deep water platform fabrication yard, two
trusts, one institution, and 22 subdivisions under its operation. Number of Employees NA
GlobalData
Financial Deals Landscape
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals by State Oil Company of Azerbaijan Republic, Oil & Gas, Deals
Type, 2006 to YTD 2012 By Year, 2006 to YTD 2012
3 3 3 3
3
No. of Deals
2
1
1
0 0
0
2006 2007 2008 2009 2010 2011 YTD
2012
Note: Deals include all announced oil & gas deals from 2006 onwards,
Note: Deals include all announced oil & gas deals from 2006 onwards,
GlobalData
GlobalData
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals State Oil Company of Azerbaijan Republic, Oil & Gas, Deals
By Region, 2006 to YTD 2012 By Sector, 2006 to YTD 2012
10 9 12 10
No. of Deals
No. of De…
8 10
8
6 4 6
4 4 3 3
2
1 1
2 2
0 0
0
0
Asia- Europe Middle North South Explora Oil Refiner Pipelin Equipm
Pacific East Americ and tion & Storag y es ent and
and a Central Produc e Service
Africa Americ tion s
a Sectors
Note: Deals include all announced oil & gas deals from 2006 onwards, Note: Deals include all announced oil & gas deals from 2006 onwards,
GlobalData GlobalData
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals Summary, 2006 to YTD 2012
Year No. of Deals Deal Value (US$ million)
2006 1 NA
2007 NA NA
2008 NA NA
2009 3 NA
2010 3 NA
2011 3 614.73
YTD 2012 3 544.40
Note: Deals include all announced oil & gas deals from 2006 onwards, deal values included wherever disclosed, GlobalData
State Oil Company of Azerbaijan Republic - Oil & Gas - Deals and Reference Code: GDGE6993D
Alliances Profile
Source : www.globalcompanyintelligence.com Page 1
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Table of Contents
Table of Contents ............................................................................................................................................................................... 2
List of Tables .................................................................................................................................................................................. 4
List of Figures ................................................................................................................................................................................. 4
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals By Year, 2006 to YTD 2012 ............................................................... 5
State Oil Company of Azerbaijan Republic, Oil & Gas Deals By Type, 2006 to YTD 2012 ................................................................ 6
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals By Region, 2006 to YTD 2012 ............................................................ 7
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals By Sector, 2006 to YTD 2012 ............................................................. 8
State Oil Company of Azerbaijan Republic, Oil & Gas, Deals Summary, 2006 to YTD 2012 ............................................................. 9
State Oil Company of Azerbaijan Republic, Oil & Gas, Deal Details ................................................................................................ 11
Asset Purchase............................................................................................................................................................................. 11
SOCAR Acquires 1.65% Stake In Azeri-Chirag-Guneshli Field From BP ................................................................................. 11
Partnerships.................................................................................................................................................................................. 13
SOCAR Partners Petrovietnam Oil and Gas To Develop Onshore Oil Blocks In Azerbaijan .................................................... 13
BP Signs A Production Sharing Agreement With SOCAR ........................................................................................................ 14
Cape Enters Into Joint Venture With State Oil Company of Azerbaijan .................................................................................... 15
SOCAR To Form Partnership With Aurora Progress................................................................................................................. 16
BP Enters Into A Partnership With Socar .................................................................................................................................. 17
Total Enters Into Partnership With SOCAR ............................................................................................................................... 18
Turcas Set Up Joint Venture With State Oil Company of Azerbaijan ........................................................................................ 19
Debt Offering ................................................................................................................................................................................ 20
SOCAR Completes Private Placement Of 5.45% Eurobonds For $500 Million ......................................................................... 20
Asset Transactions ....................................................................................................................................................................... 21
GDF SUEZ Acquires 20% Stake In Absheron Offshore Block From Total And State Oil Company.......................................... 21
Acquisition .................................................................................................................................................................................... 22
SOCAR Acquires 25% Joint Venture Stake In Socar & Turcas Enerji From Turcas Petrol For $44 Million............................... 22
SOCAR Completes Acquisition Of Esso Schweiz From ExxonMobil Central Europe Holding .................................................. 23
SOCAR To Acquire 24% Stake In SOCAR & Turcas Energy.................................................................................................... 25
State Oil Company of Azerbaijan Republic - Key Competitors ......................................................................................................... 26
Key Employees ................................................................................................................................................................................ 27
Locations And Subsidiaries .............................................................................................................................................................. 28
Head Office ................................................................................................................................................................................... 28
Other Locations & Subsidiaries ..................................................................................................................................................... 28
Recent Developments ...................................................................................................................................................................... 29
Strategy and Business Expansion ................................................................................................................................................ 29
Mar 02, 2011: Socar And McDermott To Establish Strategic Alliance....................................................................................... 29
Recent Discoveries ....................................................................................................................................................................... 29
Jul 02, 2012: Socar, Total And GDF Suez Find Gas At Absheron Offshore Block In Azerbaijan .............................................. 29
Sep 09, 2011: Total Finds Gas At Absheron X-2 Well In Absheron Block, Offshore Azerbaijan ............................................... 29
Drilling and Production Updates ......................................................................................................................................