Azerbaijan, Baku, June 1 / Trend /
The State Oil Company of Azerbaijan (SOCAR) has completed construction of new Umid-1 platform on the Umid perspective field, the company said.
SOCAR will launch development of this perspective field independently for the last 20 years.
The exploration drilling is scheduled to begin this month.
The depth of the first exploration well will be 6,500 meters, 4,000 of which will be drilled this year, the SOCAR representative said earlier.
Umid-1 platform built on the base of unfinished Chiraq-6 platform is the largest facility within the program. The platform will be installed 15 kilometers from theBulla Daniz field at the depth of 58 meters. A total of six gas wells are expected to be drilled from the platform.
The total assumed gas reserves in Umid offshore field is estimated at 200bln-300bln cu meters.