New contractor prepares to drill Umid gas condensate field in Azerbaijan
Baku, Azerbaijan, March 31
By Emil Ismayilov - Trend:
SOCAR-AQS LLC, in which the State Oil Company of Azerbaijan (SOCAR) has a 51 percent share, is preparing drilling work at the Umid large gas condensate field in the Azerbaijani sector of the Caspian Sea, the company told Trend on March 31.
SOCAR's Complex Drilling Works Trust carried out the drilling of the two previous wells at Umid field.
"The issue relating to the start of the drilling work has already been agreed with SOCAR and currently active preparatory work is underway in this area," SOCAR-AQS LLC said.
SOCAR-AQS LLC was founded in 2007 by SOCAR and Absheron Drilling as a joint enterprise rendering integrated services in drilling and the maintenance of wells.
SOCAR announced the opening of the Umid field in 2010. The volume of the field's reserves reached over 200 billion cubic meters of gas and 40 million tons of condensate according to the results of drilling the first exploration well, SOCAR specialists said.
The Umid field is located 75 kilometres from Baku and 40 kilometres away from the coast.
The first geophysical work was carried out in 1953. Operations were also conducted in 1972 using modern methods. Nine wells were drilled from 1977 to 1992 although none produced any results.
Translated by L.Z.
Edited by S.M.