Drilling resumes on new gas field in Azerbaijan

Oil&Gas Materials 23 November 2011 17:05 (UTC +04:00)

Azerbaijan, Baku Nov 23 /corr Trend E.Ismayiliv/

The partners to develop a major gas field in Absheron in Azerbaijan have resumed drilling the first exploratory well on the field, a source in SOCAR said to Trend on Wednesday.

The project partners are SOCAR - 40 percent, Total - 40 percent and Gaz De France Suez - 20 percent.

The contract to develop the Absheron structure was signed on February 27, 2009 between SOCAR and Total. Later Total ceded 20 percent of share holding in the contract to the Gaz De France Suez Company.

According to source the necessary equipment has been delivered and installed for the resumption of drilling.