President Ilham Aliyev has declared a day of national mourning.
The company said one worker had been killed and 33 rescued, out of the 62 who were on the oil rig when the fire started.
"We continue the search-and-rescue operation ... We regard those whom we have not found so far as missing ... We believe that God will help them, although it's probably impossible," Khoshbakh Usifzade, SOCAR first vice-president, told a news conference.
Usifzade added rescuers were also searching for three more workers who had been swept into the sea in an accident on another oil platform on Friday.
He said the fire was not completely extinguished yet but hoped it would be by the end of the day.
Daily production on the platform was 920 tonnes of oil and 1.08 million cubic metres of gas.
"These figures are our production losses so far," he said.
Usifzade said the company would review its safety measures on its platforms, many of which were built in Soviet times.
Originally published as Azerbaijan: platform in the Caspian Sea caught fire on Friday are feared dead, and Azerbaijan President Ilham Aliyev has declared a day of national mourning.
The company said one worker had been killed and 33 rescued, out of the 62 who were on the oil rig when the fire started.
"We continue the search-and-rescue operation ... We regard those whom we have not found so far as missing ... We believe that God will help them, although it's probably impossible," Khoshbakh Usifzade, SOCAR first vice-president, told a news conference.
Usifzade added rescuers were also searching for three more workers who had been swept into the sea in an accident on another oil platform on Friday.
He said the fire was not completely extinguished yet but hoped it would be by the end of the day.
Daily production on the platform was 920 tonnes of oil and 1.08 million cubic metres of gas.
"These figures are our production losses so far," he said.
Usifzade said the company would review its safety measures on its platforms, many of which were built in Soviet times.
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