SOCAR to hold geophysical survey in Caspian Sea
Azerbaijan, Baku, July 3 / Trend /
The State Oil Company of Azerbaijan Republic (SOCAR) intends to conduct seismic surveys in offshore fields and areas of Alat-Deniz, Bulla-Deniz, Agburun-Goshadash, the SOCAR Geology and Geophysics Management reorted.
The company has already started three-dimensional seismic studies perspective structure Bahar-2 to clarify the geological structure, compiling three-dimensional model and prediction of oil-and gas-bearing sediments.
The work was launched June 25 and is carried out with the use of seismic stations of the "Scorpion", bottom spit and adjacent equipment, as well as through scientific and technical ships "Baku", "Geophysicist-1" and "Geophysicist-3.
SOCAR plans to complete the analysis and interpretation of data to be obtained to start three-dimensional geophysical (3D) in the offshore perspective structure Bahar-2 located in the Azerbaijani sector of the Caspian Sea, a source in SOCAR reported earlier.
Part of the work was carried out in 2009. The 3D studies are necessary to determine the geological structure of the field. The studies were suspended due to weather conditions, the source added.
SOCAR signed a PSA contract with Bahar Energy Limited for the exploration, rehabilitation and development of the Bahar and Gum Deniz offshore fields in the Azerbaijan sector of the Caspian Sea in December 2009. Bahar Energy Limited was registered in the Jebel Ali Free Trade Zone in the UAE.
The contract consists of two parts. The first involves the rehabilitation and stabilization of production on the field and the second - the exploration of the Bahar-2 promising structure.
Gum Deniz has operated since 1955 and is located 21 kilometers southeast of Baku. So far, the field has produced about 28.9 million tons of oil and 27 billion cubic meters of gas.
Bahar has operated since 1969 and is located 40 kilometers southeast of Baku. So far, the field has produced over 16.8 million tons of oil and approximately 128.7 billion cubic meters of gas.