Drilling first well on Azerbaijani Absheron field to continue

Oil&Gas Materials 20 September 2011 21:36

Azerbaijan, Baku, Sept. 20 /Trend, E.Ismayilov/

Drilling the first exploration well on the Absheron field in the Azerbaijani sector of the Caspian Sea will be resumed next week, a source in SOCAR to Trend on Tuesday. Currently, casing tube is dropped into the well with a depth of 6,568 meters.

The discovery of the new big gas field Absheron in the Azerbaijani sector of the Caspian Sea had been announced earlier.

The field's potential reserves hit 350 billion cubic meters of gas and 45 million ton of condensate. Accordingly, Azerbaijan's proven gas reserves rose to 2.55 trillion cubic meters.

Participants in Absheron are SOCAR (40 percent), Total (40 percent), and Gaz De France Suez (20 percent).

The contract on the Absheron Field was signed on Feb. 27, 2009, between SOCAR and Total. Later Total sold 20 percent of its equity participation to Gaz De France Suez.