SOCAR projects new platform in Caspian Sea field
Azerbaijan, Baku, Jan. 22 / Trend, E. Ismayilov /
SOCAR is projecting the second platform in the Umid field in the Azerbaijani sector of the Caspian Sea, a source told Trend today.
A source said that this process can take 5-6 months.
Issues around the installation of this new platform are being considered, as it is needed for full field development.
The source stated that at present, work is underway to drill the third well in the field.
Previously, two exploration wells were drilled there, one of which is currently in operation; the extracted gas and condensate are delivered onshore via underwater infrastructure.
According to the source, drilling will be completed in the first half of 2013.
The source also stressed that the work is being carried out to amend the contract with Nobel Oil Exploration and Production within the joint venture with SOCAR-Umid JSC. The contract currently covers the exploration period in the field. After making the additions, it will also cover development period.
According to the estimates of SOCAR specialists', the volume of deposit reserves is over 200 billion cubic meters of gas and 40 million tons of condensate in accordance with the results of drilling the first exploration well.
The Umid Field is located 75 kilometers from Baku. In 1953 the first geophysical work was carried out there. Operations were first conducted there in 1972 in an improved form. From 1977 to 1992, nine wells were drilled with negative results.