Azerbaijan is a pioneer of both land-based and offshore oil production.
SOCAR Vice-President for Field Development Yashar Latifov made the remark at the Techno Forum 2016 organized by Japan Oil, Gas and Metals National Corporation (JOGMEC) from November 27 to December 3, Azertac reported.
Azerbaijani Embassy in Japan, SOCAR, and SOCAR Upstream were represented at the conference, attended by Japan Agency for Marine-Earth Science and Technology (JAMSTEC), Waseda University, Chioda Corporation, JOGMEC, Inpex, Itochu, Total, Gazprom, representatives of other public and private organizations.
Latifov, addressing the event, spoke about perspective methods to increase oil recovery coefficient, especially works done towards increasing oil recovery coefficient in highly saturated oil reservoirs through intensification of exploration of land-based fields.
He also noted achievements of Azerbaijan and positive investment climate in the country.
Moreover, modern technologies used in Azerbaijani section of Caspian Sea and video materials dedicated to the