Nobel Oil Group is a privately owned oil and gas exploration company, operating primarily out of Republic of Azerbaijan, USA, Romania and the UK where the company is formally licensed and certified. The company was founded in 2005 as the brain-child of entrepreneur Nasib Hasanov. They have two shareholders in Allendorf SA (1%) and Technogas LTD (99%).
The Nobel Oil Group was originally introduced for the purpose of providing technical services and consulting for oil and gas companies operating in the Caspian region. They provided a wide range of services that included drilling, excavating, installation, construction, engineering and maintenance, repairs and operations services.
Today, Nobil Oil Ltd. serves as the group’s primary holding company. They own and operate under the names of the following seven subsidiaries: Nobel Oil Investment (UK) Ltd., Nobel Oil Services (UK) Limited, Nobel Oil E&P North Sea Limited, Nobel Oil E&P (UK) Limited, Nobel Oil E&P Caspian Limited, Nobel Oil E&P Management (UK) Limited, and Nobel Oil E&P North America (UK) Limited. Founder Hasanov also holds a major stake in a company called Nobel Upstream.
Through Nobel Upstream, the company is involved in major oil and gas projects in Azerbaijan and Texas, The United States. Along with its US operations that include a huge investment in the Permian Basin (North America), the company also made a large 2016 investment in the UK North Sea with the purchase of a 7.59% stake in the in the Maclure oil field from Shell Oil.
The company maintains office space in both Baku, Azerbaijan and London, England. The company’s undisclosed number of employees are headed up by Hasanov and Ali Batu, serving as the group’s Chief Executive Officer. Due in large part to its private status, information related to assets, revenues, net income and equity are not available to the public.