AZƏRBAYCANDA KORONAVIRUSLA BAĞLI XƏBƏRLƏR

Absence of light oil deposits requires use of innovative technologies in Azerbaijan

Absence of light oil deposits requires use of innovative technologies in Azerbaijan

Economy
10 December 2019, 13:37 164
Although there are currently no light oil deposits in Azerbaijan, alternative energy sources do exist, the country's Deputy Energy Minister Elnur Soltanov said at the Energy Forward conference organized by Baker Hughes company, Trend reports.
The deputy minister noted that the absence of light oil deposits requires the use of advanced and innovative technologies.
"In addition, we have alternative energy sources, and we need to pay serious attention to the development of this area," Soltanov said.
On Dec.10, for the first time, Azerbaijan hosts the Energy Forward conference organized by Baker Hughes, which is attended by technical experts from around the world, to discuss the main trends that significantly affect productivity, efficiency and safety in the oil and gas sector.
Energy Forward is a unique technology event that brings together more than 250 leaders and key partners from major oil and gas companies in the world to share best practices and results at the international level and identify opportunities in engineering, science and information, demonstrating digital transformation and innovation for the further development of the oil and gas sector in the Caspian region.
Baker Hughes is the third largest oil and gas service company in the world. The services the company provides includes drilling, reserves assessment, field development and much more.