Azerbaijan, Baku, Jan. 10 / Trend, E. Ismayilov /
Three-dimensional seismic work has been completed on the prospective Oguz structure in the Azerbaijani sector of the Caspian Sea, a source in the oil and gas market told Trend on Thursday.
According to the source, work was conducted aboard the geophysical vessel "Gilavar" based on a contract signed between the State Oil Company of Azerbaijan (SOCAR) and the Caspian Geophysical Company.
"This recently carried out task was completed at SOCAR's request", the source said.
The source said that Caspian Geophysical will also process the received data. Interpretation of the materials will be carried out by the Geophysics and Geology Department of SOCAR.
The petroleum sharing agreement covering the Oguz structure was signed on August 1, 1997 between SOCAR and the American company Exxon Mobil. Shares were distributed 50-50. However, due to lack of commercially attractive hydrocarbons, the contract was dissolved.