SOCAR and Technip Energies enter cooperation agreement on offshore sustainable energy development

General – Cooperation agreement

SOCAR and Technip Energies entered a cooperation agreement to study sustainability measures in the offshore upstream activities, including CO2 emission reduction, improvement of power efficiency and associated optimization in the total cost of ownership.

The cooperation agreement includes evaluation of a joint pilot project for offshore energy production on a floating wind turbine. The pilot project envisages energy supply for upstream operations in the Caspian Sea. This would be the first case of offshore wind energy production in Azerbaijan.

At present, upstream operations in the Caspian Sea mainly use electricity generated from natural gas. Among the main objectives of the pilot project is to determine the prospects for the supply of sustainable energy to the upstream sector of Azerbaijan, reduce natural gas consumption and increase gas exports.

The agreement was signed by Rovnag Abdullayev, SOCAR president and Marco Villa, Technip Italy S.p.A. Chairman of the Board.

This year Technip has successfully completed its role in the modernization project of SOCAR Azerkimya, which started back in 2016. With more than 60 years of experience, Technip Energies operates in 34 countries around the world. The company has 15,000 employees. Technip Energies provides engineering and construction services in LNG (liquefied gas), hydrogen production, sustainable (green) chemistry, biofuels, decarbonization and other fields.

Original Source: https://ocean-energyresources.com/2021/07/16/socar-and-technip-energies-enter-cooperation-agreement-on-offshore-sustainable-energy-development/