Baku, Azerbaijan, April 9
By Emil Ismayilov - Trend:
SOCAR-AQS LLC, in which the State Oil Company of Azerbaijan (SOCAR) has some 51 percent share, will drill ten new wells in the West Absheron offshore field, the company told Trend on April 9.
The West Absheron field is owned by SOCAR's Absheronneft Oil and Gas Production Department. Previously, drilling work at this field was conducted by SOCAR Complex Drilling Works Trust. However, the further work will be carried out by the SOCAR-AQS Company on the basis of the agreement reached with SOCAR.
The company plans to drill ten new wells with a depth of approximately 1,000 meters from the platform No.20 located at the West Absheron field. The wells will be drilled horizontally on the order of Azneft production association, SOCAR-AQS LLC said.
"Currently, preparations for the drilling work are underway, however, all efforts are focused on the preparations for beginning the drilling at Umid gas condensate field, where we will also begin works," the company said.
The reserves of the Umid field are estimated at 200 billion cubic meters of gas.
SOCAR-AQS LLC was founded in 2007 by SOCAR and Absheron Drilling as a joint enterprise rendering integrated services in the drilling and maintenance of wells.
Currently, the LLC mainly conducts drilling of wells at the shallow part of the Guneshli field. The deep-water part of this field as part of Azeri-Chirag-Guneshli block is developed by SOCAR jointly with foreign partners.
Translated by L.Z.
Edited by C.N.