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Reserves of Azerbaijan's new fields and prospective structures announced

Oil&Gas Materials 28 September 2011 13:46

Azerbaijan, Baku, Sept.28 / Trend, E. Ismayilov /

Hydrocarbon reserves at new fields and prospective structures in the Azerbaijani sector of the Caspian Sea, where exploratory work is planned for conduction, are estimated at 2.95 billion tons of equivalent fuel.

Forecasts were published on the official stand of the State Oil Company of Azerbaijan (SOCAR) at the national exhibition "Azerbaijan - 20 years of independence." The exhibition dedicated to the 20th anniversary of the restoration of Azerbaijan's state independence is underway from Sept. 27 to 29, at the Baku Expo Exhibition Center.

Gas reserves at new fields and prospective structures are estimated at 2.6 trillion cubic meters. Gas condensate is estimated at 350 million tons.

The greatest volumes of gas and condensates, according to forecasts, are within the prospective block "Araz-Alov-Sharq" with 700 billion cubic meters of gas and 90 million tons of condensate. The second greatest volumes are in the "Shafag-Asiman" prospective block, with 500 billion cubic meters of gas and 65 million tons of condensate.

Reserves of other prospective structures are estimated as follows: "Babak" - 300 billion cubic meters of gas and 45 million tons of condensate, "Nakhchivan" - 300 billion cubic meters of gas and 38 million tons of condensate, and "Zafar-Mashal" - 300 billion cubic meters of gas and 37 million tons of condensate.

Reserves at the Umid field, to be independently developed by SOCAR in the future, are estimated at 200 billion cubic meters of gas and 30 million tons of condensate. Reserves at the "Absheron" field are estimated at 300 billion cubic meters of gas and 45 million tons of condensate.

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