Azerbaijan, Baku, Dec. 22 / Trend E. Ismailov /
By spring the State Oil Company of Azerbaijan (SOCAR) will complete the field works within the geophysical studies on the production site of Gobustan Operating Company, a source in oil and gas market said.
According to him, at present works are underway on two-dimensional geophysical studies in the the "Hajibeyli" site.
"Studies are continuing and the completion of field operations on the site are planned by late February," the source said.
According to him, after completion of the field works interpretation of the received data will be analyzed.
The operating Gobustan Operating Company (GOC) deals with the development of "South-West Gobustan" under the PSA contract, concluded with SOCAR. In GOC, 80 percent of participation is owned by the Commonwealth Gobustan Limited, 20 percent are assigned to SOCAR.
The contract area consists of three units with total area of 604 square kilometers. These units include the previously developed "Shikhzakirli", "Sheynatud", "Vurkut", "Donuzlug", "Nardaran", "Ilkhychy", "Garbi Hajibeyli", "Sundi", "Shargi Hajibeyli", "Turagay", "Kenizdag"," Garbi Duvanny ","Duvanny", "Solakhai" and "Dashgil".