Azerbaijan, Baku, Jan. 16 / Trend E.Ismayilov /
The State Oil Company of the Azerbaijan Republic (SOCAR) will and the Salyan Oil Operating Company continue to negotiate on creation of a 3D model of the Garabagli offshore field, a source in SOCAR said. The Salyan Oil Operating Company develops the Kursengi-Qarabagli contractual area.
"Perhaps the modeling, forecast operations and 3D model preparation will be conducted in 2010," a source told Trend earlier. Whether the work will be carried out and the time when they can begin, will depend on the capabilities of the operating company and its budget.
Earlier SOCAR completed modeling of the southern section of the Kursengi field. Salyan is a customer developing the Kursengi-Qarabagli contractual area. Modeling activities aim to provide recommendations on new wells. Previous recommendations included rehabilitating old wells, and drilling over 30 new wells.
SOCAR also conducted modelling of the southern section of the Kursengi field. Forecasts on the new wells were provided. Over 80 wells were drilled on the contractual area. The re-estimation of the field's reserves showed slight difference against the initially forecast 18 million tons.
The Kursengi field is situated in the Salyan region of Azerbaijan (150 kilometers outside Baku). According to SOCAR specialists, its oil reserves are 152 million tons on the contractual area.
The project's shareholders are: SOCAR - 50 percent, two Chinese companies - China National Oil and Gas Exploration and Development Corp. and Fal Chin - 25 percent.
Do you have any feedback? Contact our journalist at: [email protected]