SOCAR and bp have signed a cooperation agreement on seismic and well studies in the Caspian 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 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.