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North Absheron Operating Company information


North Absheron Operating Company
Company typePrivate
IndustryPetroleum
Founded1997
FounderAmoco (30%),
SOCAR (20%),
Itochu (20%),
Unocal (25.5%),
Delta Oil Company (4.5%)
HeadquartersBaku, Azerbaijan
Key people
Thomas L. Klockenbrink (President)

North Absheron Operating Company (NAOC) was an international petroleum consortium based in Baku, Azerbaijan created to explore and develop the Dan Ulduzu and Ashrafi prospects in the Azerbaijani sector of the Caspian Sea. The company started its operations in 1997.[1] On March 7, 2000 the company stopped operations after the management of company considered the contract was not financially profitable.[2]

  1. ^ Betty Blair (Summer 1998). "Dan Ulduzu and Ashrafi. No longer in operation after April 1999". Azerbaijan International. Retrieved 2010-06-29.
  2. ^ "AFR Azərbaycanla enerji sahəsində əməkdaşlığın intensivləşdirilməsinin tərəfdarıdır" [Germany is interested in intensifying cooperation with Azerbaijan in the energy sector]. Interfax Azerbaijan. 2007-05-22. Archived from the original on 2011-07-06. Retrieved 2010-06-29.

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