Large Operating Company on Offshore Oil and Gas Production Sets up New Drilling Well

Azerbaijan, Baku, 18 January / corr Trend S.Aliyev / Salyan Oil, the largest operating company with foreign participation, which is involved in oil production from the Kursangi-Garabaghly onshore fields in Azerbaijan, has set up a new drilling well on Kursangi field, the State Oil Company of Azerbaijan (SOCAR). The depth of the well is approximately 4,000 meters.

In 2008 the operating company intends to drill 6 exploitation wells with a depth of approximately 3,500-4,000 m. This year the budget of the company was defined at $45.5mln.

In 2007 the company drilled 6 wells (with one passed from 2006), including one exploration well.

The budget of Salyan Oil made up $43mln in 2007. A 25- year production-sharing agreement on the development of Kursangi and Garabaghly oil fields was signed in December 1998. Salyan Oil was set up a year later and is currently owned by the State Oil Company of Azerbaijan (SOCAR), with 50% interest, as well as Chinese companies, China National Oil (CNODC) and CNPC (Hong Kong) Ltd. (CNPCHK), each holding a 25% stake.

Subsistence minimum for average household down in Georgia
Subsistence minimum for average household down in Georgia
First batch of hazelnuts to be exported from Georgia to Germany
First batch of hazelnuts to be exported from Georgia to Germany
Georgian Artana Wines company decides to grow organic vegetables
Georgian Artana Wines company decides to grow organic vegetables
Loading Bars
Latest
EU 'highly concerned' by U.S. stance on Nord Stream pipeline
S. Africa commends WHO's leadership in fighting COVID-19
Azerbaijan unveils its seven-month airfreight performance
Monterey Herald publishes article on Armenians' atrocities against Azerbaijanis in LA
Foreign trade turnover of Azerbaijan drops
Azerbaijani community of Azerbaijan's Nagorno Karabakh issues statement
Gold price grows in Azerbaijan
Arming Armenia means supporting occupation of Azerbaijani lands - MP
Azerbaijani MP: Turkish Grand National Assembly rejected Treaty of Sevres, tearing it apart as useless paper
Subsistence minimum for average household down in Georgia
Uzbekistan to implement big touristic projects in Bostanlyk district
First batch of hazelnuts to be exported from Georgia to Germany
Georgian Artana Wines company decides to grow organic vegetables
Data on terry products sales at Turkmen State Commodity Exchange for July 2020 revealed
Uzbekistan resumes domestic flights, rail services, public transport traffic
Georgia decreases mandatory quarantine & self-isolation time
Kazakhstan's revenues from air transportation down year-on-year
Pashinyan again shows his helplessness, responding to BBC's "hard" questions (VIDEO)
Azerbaijani oil prices fluctuate
Air separation unit launched in Kazakhstan to supply ArcelorMittal Temirtau with gases
Ukrainian car building company interested in expanding cooperation with Turkmenistan
Electricity consumption down in Georgia
EU supports medium, long term recovery of Kazakh economy amid COVID-19
Azerbaijan sees growth in alternative energy production
Azerbaijan confirms 221 more COVID-19 recoveries
Iran's ministry supports increase of home appliances' price
Georgia, US discuss possibility of opening DFC regional office in country
Investments in socio-economic dev't in Azerbaijan grow
U.S. retail sales rise less than expected in July
Kazakhstan’s largest electrotechnical company to launch equipment production
Namangan Free Economic Zone to expand car production in Uzbekistan
National Bank of Georgia talks reasons behind remittances' growth
Uzbek-Korean JV opens tender to buy batteries
Volume of export of oil, oil raw materials from Azerbaijan to Ukraine revealed
Azerbaijan reveals seven-month statistics of industrial production
EU COVID-response to contribute to long-term health systems resilience in Central Asia
Azerbaijan successfully resolving problem of irrigation water shortage
Kazakhstan's Passenger Transportation JSC opens tender for loading, unloading services
SOCAR's STAR Refinery among Turkey’s 500 largest companies
Uzbekistan's national postal operator expands services
Multiple projects to be commissioned in Kazakhstan within industrialization roadmap
Angry Birds maker happy as stay-at-home gaming boosts profit
Iran is to sell oil bonds at stock exchange
Capacity of Georgian Kula canning company to increase
Turkmenistan’s Dashoguz region opens tender for construction, installation work
Output volume at Azerbaijan’s Kursangi, Garabagli fields revealed
Azerbaijani refugee from Armenia: Oppression of Azerbaijanis in Armenia began before 1988
Uzbekistan boosts trade turnover with Afghanistan during 1H2020
Turkmen manufacturer of suspended ceilings to expand its product range
British analyst: Uzbekistan to increase domestic electricity consumption over next decade
Weiss, CEO of Majid Al Futtaim – Retail, talks Uzbekistan's food retail market prospects
Mikayil Jabbarov: Azerbaijan-Israel partnership is strong, resilient, forward-looking
Azerbaijan's GDP slightly decreases
Maersk Drilling: Contracting activity for drilling campaigns with 2020 commencement to be limited
Global total utilization for jack-up rigs, floaters down
Georgian TBC Bank Group buys stake in its Uzbekistan branch
Azerbaijan’s Nakhchivan increases GDP volume
Number of flights over Iran's airspace increases
Azerbaijan's Kapital Bank to increase its authorized capital
Russia’s St. Petersburg, Turkmenistan boost cooperation
Kazakh coal extracting venture to buy filters via tender
Uzbek-Turkish JV to increase export of electrical goods from Uzbekistan's Samarkand
Money transfers to Georgia up in July 2020
Kazakhstan's Sunday Airlines resuming flights to Egypt
PETRONAS Carigali Sdn Bhd in Turkmenistan opens tender for provision of downhole equipment
Israel puts Georgia on list of 'green' countries
Central Bank of Uzbekistan establishes co-op with Central Bank of South Korea
Kazakhstan's export to Germany down during COVID-19
Indonesia's Widodo proposes $186 billion 2021 budget, 5.5% of GDP deficit
Bryza: By supplying military equipment to Armenia, Russia losing credibility as OSCE MG co-chair
Iranian National Tax Administration imposing tax on gold coin owners
Russia's St. Petersburg to supply ships to Turkmenistan
UK transport minister says people know the risks of travel in 2020
Graduates of Baku Higher Oil School awarded DAAD scholarships
Azerbaijani currency rates for August 14
Rehabilitation of Zemo Imereti-Racha road actively progressing in Georgia
Canadian oil & gas company aims to start operations in Uzbekistan
Azerbaijani Nakhchivan's mobile operators up revenues
Oil gains, heading for weekly rise amid hopes for fuel demand recovery
Azerbaijan discloses Consumer Price Index for July
Uzbekistan to open new tourist zone in its Navoi region
Georgia reports 23 new cases of COVID-19, 17 recoveries
Azerbaijan's AzStateNet network reveals, blocks more malware attacks
Bank of Georgia implements new project in field of agriculture
Italian ambassador to Turkmenistan completes his diplomatic mission in country
South Korean companies to build smart cities in Uzbekistan's Fergana
Turkmenistan, Russia's Tatarstan to join efforts to counter COVID-19
Antimonopoly Committee of Uzbekistan reveals data on approved transactions
Azerbaijan's statistics committee talks half-year trade performance with partner countries
Uzbekistan reports 724 new cases of COVID-19
Maersk Drilling reveals revenues from operations in Azerbaijan
Iran launches new transport corridor to Uzbekistan
Lower interest rates to help Georgian economy recover and increase access to finance
Iran's exporters under pressure of foreign currency revenue policy
Armenia violates ceasefire with Azerbaijan 29 times
Amazon to launch online drug sales in Indian city
Uzbekistan’s tourism and investment potential presented in Turkey
Pakistan army says border fencing with Iran to be completed by end of 2021
Number of request related to computer security drops in Azerbaijan
Japan allocates about $ 3 mln to Kyrgyzstan within framework of scholarship program
All news