"Chevron told us they are not going to drill more wells and that they are leaving the project. They are not happy with discovered reserves," Socar vice president Khochbakht Yusufzade told reporters.
The head of Chevron in Azerbaijan declined to comment, saying an official statement could be released on Friday. The move follows a number of recent failures by rivals such as Exxon Mobil, TotalFinaElf and Agip to find oil in the Azeri sector of the Caspian Sea, Reuters reported.
The
