Azerbaijan, Baku, July 4 / Trend E. Ismailov /
SOCAR (State Oil Company of Azerbaijan) plans to complete drilling of the second well on the Umid gas and condensate field in the Azerbaijani sector of the Caspian Sea in two months, a source in SOCAR told Trend.
According to him, the well depth currently exceeds 6300 metres out of a projected 6500 metres.
"In the coming months, drilling will be completed in full. According to the plan, all the work must be fully completed by December, or perhaps even earlier," the source said.
SOCAR reported the discovery of the Umid field in 2010. According to SOCAR experts, results of the first exploratory well drilling indicated the amount of the reserves at more than 200 billion cubic meters of gas and 40 million tons of condensate.
The Umid field is located 75 kilometres from Baku and 40 kilometres from the coast. First geophysical work here was carried out in 1953 to be repeated in 1972, and nine wells have been drilled there from 1977 to 1992, none of which produced any results.