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.

Israel's hi-tech services exports up 19 pct in 2020
Israel's hi-tech services exports up 19 pct in 2020
El Al begins 1,600 layoffs
El Al begins 1,600 layoffs
Israel registers 4,329 new COVID-19 cases, 758,810 in total
Israel registers 4,329 new COVID-19 cases, 758,810 in total
Loading Bars
Latest
Iran's Rouhani asks US to pave way for talks
N. Macedonia names energy, tourism most productive sectors for co-op with Azerbaijan
N.Macedonia, Azerbaijan negotiating on trade agreement
Oil prices hit 13-month highs on tighter supplies, Fed assurance on low rates
Iran and US negotiate only within JCPOA framework
Australian media reforms pass parliament after last-ditch changes
Decrease in bank lending observed in Baku and Azerbaijani districts
Appeals to consulting organizations in Azerbaijan growing dynamically - Azecoconsulting
Azerbaijan Industrial Corporation aiming to restructure portfolio
China becomes Uzbekistan’s main foreign trade partner
Azerbaijan's Central Bank publishes latest data on population's bank deposits
Azerbaijan discloses share of household loans in total lending
Azerbaijani State Migration Service opens tender to buy air transport services
Kazakhstan to reduce VAT for new manufacturing companies
New Turkish ambassadors to Washington, Tokyo officially appointed
Municipal transport to operate on weekends in Georgia
Tariffs on Eurasia trades to go zero: Iranian Official
Number of COVID-19 cases in Kazakhstan surpasses 210,000
Biden to press for $37 billion to boost chip manufacturing amid shortfall
Participation of Azerbaijani SMEs in public procurement to be encouraged
U.S. report on Khashoggi death expected to single out Saudi crown prince
Egypt plans to order 10 mln Sputnik V doses from Russia
Kazakhstan, Poland trade decreases amid COVID-19
Germany grants special approval for first COVID-19 self-test kits
Ford CEO calls on U.S. government to support EV batteries, charging
Swiss logistics giant to partner with Chinese company in vaccine storage and distribution
Japan's cabinet green-lights bill to ratify RCEP trade deal
Kazakhstan increases imports of Sweden-made goods
Kazakh Karachaganak Petroleum Operating paying particular focus to "green" technologies
Kazakhstan's Kcell mobile telecom services provider to de-list its GDRs
Azerbaijan - leader among neighboring countries for index of sustainable development goals
Israel's hi-tech services exports up 19 pct in 2020
Conditions for Int’l cooperation changing - Rouhani
Kazakh airlines eye boosting jet fuel imports
Uzbekistan notes decrease in mining production
COVID-19 greatly affects cargo transportation by vehicles in Azerbaijan's transportation sector
Head of Georgian Governmental Administration quits
Turkey registers more than 9 500 new coronavirus cases
Johnson & Johnson's one-dose vaccine closes in on U.S. approval
Pashinyan shows anti-Russia stance, denigrates 'Iskander' missile fired on Azerbaijan
Azerbaijani FM, European commissioner for Neighborhood and Enlargement discuss situation in region
Azerbaijani FM meets Ukrainian deputy FM (PHOTO)
Visitors show great interest in Azerbaijani products at Gulfood 2021 exhibition (PHOTO)
Azerbaijan discloses amount of investments in economy of Turkic-speaking states
Assistant to Azerbaijani president meets with Ukrainian deputy minister for foreign affairs (PHOTO)
Japan eyes to support development of Georgian agrarian potential
Airlines expanding their activities in Georgia
Georgia reports three cases of UK coronavirus strain
Azerbaijan talks state-supported domestic SME market researches for 2020
Iran's Khatam Al-Anbia Headquarters to begin second phase of Chabahar port development project
Georgia to receive AstraZeneca Vaccine from South Korea and India
Turkmengas opens tender for purchase of technological equipment
Port of Baku records growth in annual turnover despite pandemic
Uzbekneftegaz to accelerate sale of gas stations serving farms
Azerbaijan sees growth of long-term loans to legal entities in real estate sector
Kazakhstan's Parliament approves amendments to bill on uranium mining
Iran's Shahid Tondgooyan Petrochemical Company fulfills its production plan
Georgian Hualing FIZ to begin serial production of furniture
Ukraine International Airlines receives permission to operate flights to Baku
New free economic zone established in Uzbekistan’s Karakalpakstan
Precious metal prices down in Azerbaijan
Azerbaijani industrial sector's lending notably grows
Turkmenistan's Project CA Desert Initiative opens tender for purchase of motorcycles
Inspectorate International Ltd. wins tender launched by Azerbaijani mining company
Turkish, Azerbaijani, and Turkmen FMs adopt joint statement following trilateral meeting (PHOTO)
Programs of Azerbaijani Communications Ministry to raise local startups to world standards
Uzbekistan to sale jewelry via e-commerce
Azerbaijan's Jan. 2021 import of goods increases
Azerbaijan sees multifold growth in bank mortgage lending
Georgia eases some COVID-19 restrictions
Marketed gas production resources set to change by 2050
Azerbaijan discloses volume of goods exported in Jan. 2021
Iran reveals COVID-19 data for February 24
JCPOA signatories require to take big steps towards commitments - Iranian MP
Iran to jointly produce COVID-19 vaccine with Russia by March
Azerbaijan talks use of 'smart' services in liberated lands
Most of lending in communications and transport sector accounts for foreign currency in Azerbaijan
Kazakhstan's banking sector faces pressure from global economic slowdown
Iran declares volume of exports-imports via Shahid Bahonar port revealed
Denmark to ease some COVID-19 restrictions from March 1
Georgia simplifies entry rules for citizens of Russia, Azerbaijan, Belarus and Ukraine
Kazakhstan Railways opens tender to rent lifting equipment
Iran to export five pharmaceutical products
Kazakhstan's Karachaganak Gas Debottlenecking Project progresses despite COVID-19
Turkmenistan prepares to harvest licorice root
Karachaganak Petroleum Operating reports historical maximum liquid production
Iran to begin its human trial phase of Razi Cov-Pars vaccine
Central Bank of Iran allocates funds to buy Indian COVID-19 vaccine
German economy to shrink some 1.5% in early 2021
Iranian social media influencers to pay tax
Azerbaijan reports 145 more COVID-19 recoveries
South Korea grounds all local airlines' Boeing 777s with PW4000 engines
Azerbaijan's Innovation Agency becomes first full-fledged member of IASP in region
Huawei's solutions to help communication operators to simplify 5G network deployment
Azerbaijan reveals Jan. 2021 crude oil exports to Croatia
War crimes of chief of Armenia's General Staff - new facts revealed
Azerbaijan releases footage on airstrikes of Su-25 attack on Armenian Armed Forces during Karabakh war (PHOTO/VIDEO)
Production of machinery and equipment up in Azerbaijan
India, Bangladesh to heighten diplomatic engagements in run-up to PM Modi’s visit to Dhaka
Azerbaijan to become Eurasia’s third largest gas producer – GECF
All news