Azerbaijan to begin studies at major field
Azerbaijan, Baku, May 23 /Trend E.Ismayilov/
High-frequency prospecting seismology will begin at Azeri-Chirag-Guneshli under the Chirag oil project (COP), an oil and gas market source told Trend on Wednesday.
The COP provides an increase of oil production from Azeri-Chirag-Guneshli. The source noted that the work will be carried out under the contract, which will be signed between the companies BP and Caspian Geophysical. The work will be carried out from the geophysical vessel Gilavar.
"The contract will be signed in the near future and it is scheduled to begin the work from June," the source said.
The Chirag oil project involves the construction of the new West Chirag platform which will be installed at a depth of 170 metres between the Chirag and Gunashli production platforms.The investments made to the Chirag oil project implementation will hit $6 billion.
An advanced drilling project is planned for the period up till the first half of 2012. This will then be carried out from the Dada Gorgud installation. First production from the platform is scheduled for late 2013. It is planned to produce 300 million barrels of oil until the end of the contract by ACG in 2024.