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SOCAR Begins Drilling New Exploration Well

Oil&Gas Materials 30 March 2008 20:45 (UTC +04:00)

Azerbaijan, Baku, 30 March / Trend / The State Oil Company of Azerbaijan (SOCAR) began drilling a new exploration well in the southern part of West Absheron field, a source stated at SOCAR on 30 March. The design depth of the well is 800 m. The drilling is being carried out with Absheron rig.

The SOCAR intends to realize development program of this part of the field. The first platform will be established to connect three drilled gas wells. The daily production of these wells makes up 250.000 cu.m. of gas. It will give an opportunity to transfer to new production methods (gaslift method) and supply gas for domestic demands.

Assessing the reserves in this field showed that possibly the field contains more than 10mln tons in oil equivalent.

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