Azerbaijan, Baku, May 26 / Trend, E. Ismayilov /
The Geology and Geophysics Department of the State Oil Company of Azerbaijan (SOCAR) is preparing for 3D geophysical studies on the Babak prospective structure and Umid field, SOCAR head Rovnag Abdullayev said on Thursday.
"We will carry out three-dimensional seismic work on the Babak structure and Umid field, as well as additional geological and geophysical studies," Abdullayev said.
He said the work is envisaged to be conducted from a geophysical vessel "Gilavar" which returns to Azerbaijan after working abroad.
In November last year SOCAR announced about opening of a new gas field Umid in the Azerbaijani sector of the Caspian Sea.
SOCAR is confident that there are 250 billion cubic meters of gas and 40 million tons of condensate at Umid.
The Umid Field is located 75 kilometers from Baku. In 1953 the first geophysical works were carried out at the field. They were repeated in 1972 in a somewhat improved form. From 1977 to 1992, nine wells were drilled without result.
The Babak perspective structure is located near the Umid field. SOCAR has repeatedly stated that it intends to carry out work on this structure independently.
Earlier SOCAR First Vice-President on geology, geophysics and field development Khoshbakht Yusifzade said that SOCAR estimates reserves of perspective Babek field at 400 billion cubic meters of gas and 80 million tons of condensate. The exact reserves will be identified following the results of exploratory drilling works.