Azerbaijan, Baku / corr Trend S.Aliyev / Russian LUKOIL Overseas Operating Company paid $20mln bonus to the State Oil Fund of Azerbaijan (SOFAZ) within the agreement on exploration, development and sharing of production from D-222 (Yalama) field in the Azerbaijani section of the Caspian.
Russian LUKOIL Company expects the rigs named after Heydar Aliyev belonging to Danish Maersk to be free in June 2008 in order to drill the second exploration well on Azerbaijani perspective field Yalama (block D-222). The second exploration well will be nearly 2,650m in depth and will be drilled 22km away from the first exploration well.
In mid November engineering-geological investigation in depth of 656- 720 meters will be carried out on the territory intended for drilling the second well. Digital investigation will be held in the section of 2.5х2.5 sq.m around the place envisaged for the search and exploration drilling and 6x6 section around territory envisaged for the search and exploration drilling. The work will last 15 days.
LUKOIL drilled the first exploration well on Yalama field in 2005 in the depth of 4,400m. During the drilling, a small volume of hydrocarbons was discovered which was not commercially interesting for the company.
Block D-222 is part of Yalama field, a biggest field in northern-eastern part of the Caspian Sea.