SOCAR unveils Leucipa monitoring program in groundbreaking Caspian initiative

The State Oil Company of Azerbaijan (SOCAR) has officially launched the Leucipa monitoring program in the Caspian region, marking the first implementation of the system in the area.

This development is part of SOCAR's digital transformation strategy for its Upstream sector, as the company seeks to enhance its operational efficiency and integrate cutting-edge technology into its processes, the company's press service told Caliber.Az.

In collaboration with Baker Hughes, the Leucipa system will be initially deployed across approximately 100 wells. The system will monitor pumps from both Baker Hughes and other manufacturers, offering real-time integration and optimization of various pumping systems' operational performance. This integration is designed to enable predictive analytics, extend the lifespan of equipment, and improve resource management accuracy.

SOCAR highlights that the Leucipa program aligns with its broader goals of improving operational efficiency and maximizing asset utilization. The program's innovative capabilities are expected to optimize production and reduce fluctuations, contributing to better performance across the board.

The company believes that the launch of this program will strengthen its leadership in digital innovation within the Caspian region’s oil and gas industry. It also aims to set new industry standards, while boosting the development of the region’s energy sector. Successful implementation at Azneft PO enterprises is expected to attract technological investments, driving further industry progress.

Founded in 1992 and headquartered in Baku, SOCAR is a central player in Azerbaijan's energy sector, covering the full spectrum of the oil and gas industry. The company's reach extends across Europe, the Middle East, and Asia, with flagship projects like the Shah Deniz gas field and the Baku-Tbilisi-Ceyhan (BTC) pipeline, which enhance Europe’s energy security by transporting natural gas and oil from the Caspian Sea.

Recently, SOCAR has also expanded into sustainable energy, focusing on wind, solar power, and green hydrogen technologies to diversify its portfolio and contribute to global energy transition efforts.

By Tamilla Hasanova