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STATE OIL COMPANY OF THE REPUBLIC OF AZERBAIJAN (SOCAR)

HQ - Baku

Summary

SOCAR is a fully state-owned national oil and gas company producing oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea.

Deals Overview

Total Deals5

Valued Deals3

Total Value£ 4.10 B

Avg. Deal Size£ 1.37 B

Market Context

Senior Management

Rovshan Najaf
President
Mahir Mammedov
General Director

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04 Aug 2023|Azerbaijan|Integrated Oil and Gas

Target: ABSHERON GAS FIELD

Bidder: ABU DHABI NATIONAL OIL COMPANY (ADNOC)

4 Service Providers

2 Bidder | 2 Vendor

14 Dealmakers

1 Bidder | 13 Vendor

n/a

Value

22 Dec 2023|Azerbaijan|Integrated Oil and Gas

Target: EQUINOR (AZERBAIJAN ASSETS)

Bidder: STATE OIL COMPANY OF THE REPUBLIC OF AZERBAIJAN (SOCAR)

3 Service Providers

3 Vendor

2 Dealmakers

2 Vendor

n/a

Value

07 Jan 2025|Azerbaijan|Integrated Oil and Gas

Target: EQUINOR (AZERI CHIRAG GUNASHLI AND BAKU TBILISI CEYHAN)

Bidder: STATE OIL COMPANY OF THE REPUBLIC OF AZERBAIJAN (SOCAR)

4 Service Providers

2 Bidder | 2 Vendor

4 Dealmakers

2 Bidder | 2 Vendor

£ 576 M

Value

31 Jan 2025|Israel|Offshore Drilling and Other Services

Target: UNION ENERGY (TAMAR GAS FIELD)

Bidder: STATE OIL COMPANY OF THE REPUBLIC OF AZERBAIJAN (SOCAR)

5 Service Providers

3 Bidder | 2 Vendor

14 Dealmakers

13 Bidder | 1 Vendor

£ 910 M

Value

23 Sep 2025|Italy|Integrated Oil and Gas

Target: ITALIANA PETROLI

Bidder: STATE OIL COMPANY OF THE REPUBLIC OF AZERBAIJAN (SOCAR)

4 Service Providers

3 Target | 1 Bidder

8 Dealmakers

7 Target | 1 Bidder

£ 2.62 B

Value