SOCAR drilling prolific well in Caspian Sea
Azerbaijan’s state oil company SOCAR will produce 292 million cubic meters of gas and around 54,750 tons of condensate annually through commissioning a new well which is being drilled on Bulla Deniz field in the Caspian Sea, SOCAR said in a message posted on its official website.
According to the message, the projected well depth is 6,200 meters. The daily debit is expected to reach 800,000 cubic meters of gas and 150 tons of condensate.
Operation of the Bulla Deniz field started in 1975. More than 62 billion cubic meters of gas and 12 million tons of oil and gas condensate have been produced at the field since then.
Construction of GTL plant starts in Uzbekistan
South Korean consortium led by the Hyundai Engineering & Construction company has started construction of the GTL (gas to liquids) plant worth $3.9 billion for the production of synthetic liquid fuels in the Qashqadaryo region (south of Uzbekistan), the website of the Uzbekistan GTL LLC, the operator of the project, said.
Sasol Technology (Pty) Ltd is the licensor for the synthetic liquid fuels production technology (Sasol SPDTM process) within the framework of the project.
The project will be financed through the loans of international financial institutions and equity of the Uzbekneftegaz.
It is planned that the plant will process 3.5 billion cubic meters of gas and produce 864,000 tons of diesel fuel, 304,000 tons of jet fuel, 395,000 tons of naphtha and 11,200 tons of liquefied natural gas per year.
The methane, which is supplied from the Shurtan Gas Chemical Complex in the volume of 3.5 billion cubic meters, will become the raw material for fuel production.