Environmental assessment completes on two Azerbaijani offshore fields
Azerbaijan, Baku, Oct. 6 /Trend, E.Ismayilov/
Expeditionary Group of "Ekol muhendislik xidmetleri" JSC will complete the study to assess the initial ecological condition on offshore fields "Gum-Deniz" and "Bahar" (Bahar-1 and Bahar-2), the company said on Thursday.
The work is conducted based on a contract signed between the Company and Bahar Energy Operating Limited. The contract envisages work to assess the initial ecological condition, environmental impact and preparing environmental regulatory and technical documents.
Upon completion of work, reports will be prepared based on the received data and will be presented to the customer.
Previously, SOCAR signed a PSA contract with Bahar Energy Limited for the exploration, rehabilitation, development and production on the block, which also includes offshore fields of Bahar and Gum Deniz.
Under the second part of the contract, which involves the exploration of the Bahar-2 structure, there are plans to drill one exploration well in three years. If necessary, another one will be drilled during the fourth year. According to initial estimates, Bahar Energy Limited will invest $1 billion to conduct work under the contract.