SOCAR ready for geophysical research on Caspian prospective structure

Oil&Gas Materials 19 June 2009 18:47 (UTC +04:00)

Azerbaijan, Baku, June 19 / Trend E. Ismayilov /

SOCAR (the State Oil Company of Azerbaijan) is ready for launching of three-dimensional seismic research (3D) at prospective gas-condensate structure Bahar-2 in Azerbaijani sector of the Caspian Sea, SOCAR's informed source said on June 19.  

"Everything was prepared for launching operations. But there are no ships to conduct operations. Ships of Geophysic-1 and Baku lie up. As soon as ships are ready, operations will be launched at Bahar-2," source said.

Source did not call time of launching operations. Two-three months are necessary to complete operations. "We can not conduct uninterrupted research operations in the Caspian Sea because of weather during a year," source said.

It is necessary to research structure, conduct analyses of data and their interpretation to speak about volumes of reserves and any operations, source said.

SOCAR study prospective offshore structures, especially Bahar-2 to increase volumes of gas production in the country.

Bahar-2 field is unique field. Its reserves developed well. Roughly 16-17 million cubic meters of natural gas was extracted from this field in 1980 of last century. These volumes provided 30-40 percent of the country's needs in gas. SOCAR independently develops Bahar field. 

SOCAR considers opportunity to create a new underground gas-holder in this filed.

SOCAR deals with gas production in Azerbaijan owing to own means. Most part of gas extracted by SOCAR is directed to meet demand on the Azerbaijani domestic market. Part of gas is exported to Georgia.

Gas was also extracted at Shah Deniz field by foreign partners under participation of SOCAR and technical operation of BP. Gas is supplied to the Azerbaijani market, as well as exported to Georgia and Turkey via South-Caucasian gas pipeline. Azerbaijan also gets casing-head gas extracted by Azerbaijani international operation company at Azeri-Chirag-Guneshli bloc of fields.

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