SOCAR-AQS prepares to start drilling at new contract area in Caspian Sea
Baku, Azerbaijan, March 31
By Emil Ismayilov - Trend:
SOCAR-AQS LLC began preparations to launch drilling at the West Absheron shallow-water offshore field, the company told Trend on March 31.
The West Absheron field is on the balance sheet of the oil and gas management unit 'Absheronneft' of the State Oil Company of Azerbaijan Republic (SOCAR).
Previously, the drilling at this field was conducted by the Complex Drilling Works Trust of SOCAR.
However, the SOCAR-AQS said the works will be further conducted by the company itself under an agreement reached with SOCAR.
"An agreement has already been reached and there is a preparatory process, which will allow starting works at the West Absheron field," the company said.
SOCAR-AQS LLC was founded in 2007 by SOCAR and Absheron Drilling as a joint enterprise rendering integrated services for the drilling and maintenance of wells.
SOCAR owns 51 percent of stakes in the SOCAR-AQS.
The company mainly conducts drilling of wells at the shallow part of the Guneshli field.
The deep-water part of this field is being developed by SOCAR jointly with foreign partners as part of the Azeri-Chirag-Guneshli block.
Translated by E.A.