SOCAR Plans to Begin Drilling of New Exploratory Well in Offshore Field
Azerbaijan, Baku, 28 June / corr. Trend E. Ismayilov/ The Complex Geological Exploration and Topography Department of the State Oil Company of Azerbaijan (SOCAR) will begin drilling of new exploratory well (# 61) in Western Absheron field. The target well depth makes up 850 meters, SOCAR said.
The drilling of well 60 has already been completed and a compressor is expected to be installed at mouth of this well within the next few days. The depth of the well makes up 772 meters.
The boring of the exploratory wells is necessary to determine recoverable reserves of the field and its contouring. Exploitation wells will be drilled in the field and platforms will be installed for the oil production once useful reserves are detected.
The assessment of the reserves placed them at over 10mln tons in oil equivalent. Overestimation of the reserves was conducted after the exploratory drilling. It was placed at 5mln tons in oil equivalent earlier.
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