KazMunayGas, SOCAR, Tatneft and Uzbekneftegaz strengthening co-op

Kazakhstan's national company KazMunayGas (KMG), the State Oil Company of Azerbaijan (SOCAR), Russia's Tatneft and Uzbekistan's state oil company Uzbekneftegaz signed quadripartite memorandums of cooperation in the field of digital technologies and industrial safety, Report informs referring to the press service of KazMunayGas.

The documents were signed within the international conference "Digitalization, industrial safety and procurement in the energy sector" in Baku, which was attended, among others, by KMG Chairman Askhat Khasenov.

"As part of the conference, SOCAR, KMG, Tatneft and Uzbekneftegaz signed quadripartite memorandums of cooperation in the field of digital technologies and industrial safety. The documents, in particular, provide for the exchange of experience in the development and implementation of digital solutions, as well as the prevention and elimination of consequences of man-made emergencies,” reads the statement.

The conference participants discussed issues of introducing innovative technologies, industrial safety, strengthening mutually beneficial cooperation and ensuring sustainable development in the oil and gas industry. In his speech, Khasenov noted that KazMunayGas continues to expand cooperation with key partner companies SOCAR, Tatneft and Uzbekneftegaz in exchanging technologies and experience in the field of geological exploration and production of hydrocarbons.

"Together with our partners, we are implementing digital systems for process management, intelligent monitoring systems and predictive analysis, which significantly increases operational efficiency and safety at all stages of hydrocarbon production and processing. In addition, active work is underway to minimize environmental risks. Our efforts are aimed at introducing innovative solutions in the industry," Khasenov said.

He noted that in the security sphere, joint work is underway to create effective systems for preventing and eliminating emergencies, as well as training personnel for rapid response in emergency situations.