OREANDA-NEWS. July 04, 2011. Today in Baku President of State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev and first vice-president of ConocoPhilips Larry Archibald have signed an agreement on conducting joint explorations at the territory of Azerbaijan.

Under SOCAR’s report R. Abdullyaev told of successful cooperation between the companies and L. Archibald pointed at the possibility of deep-water exploration and exploration at the structures with high formation pressure.