ACG geophysical studies under completion

Azerbaijan, Baku, Feb. 13 / trend E. Ismayilov /

Caspian Geophysical will complete 4D geophysical studies at the East Azeri field included in the Azeri-Chirag-Guneshli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea, a source on the oil and gas market told Trend today.

"The work is under completion," the source said. "It will be completed by the end of this week."

Caspian Geophysical operates from the Gilavar geophysical vessel under the contract.

The contract was signed in 1994 to develop the ACG offshore field.

Equity participation in the contract is as follows: ACG participating interests are BP with 35.83 percent, Chevron - 11.27, Inpex - 10.96 percent, AzACG - 11.6 percent, Statoil - 8.56 percent, Exxon - 8 percent, ТРАО - 6.75 percent, Itocu - 4.3 percent и Hess - 2.72
percent.