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Malaysian Petronas to conduct exploration in Caspian Sea

Oil&Gas Materials 29 August 2016 12:46
Malaysia’s oil and gas company Petronas will conduct exploration at the Goshadash structure in the Azerbaijani sector of the Caspian Sea.
Malaysian Petronas to conduct exploration in Caspian Sea

Baku, Azerbaijan, Aug. 29

By Azad Hasanli – Trend:

Malaysia’s oil and gas company Petronas will conduct exploration at the Goshadash structure in the Azerbaijani sector of the Caspian Sea, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade told reporters Aug. 29.

Yusifzade said that the exploration can be deepened in the future, but currently general works, including seismic works, are underway.

“If the results of these works are good, we will start negotiations with Petronas,” he added.

The Goshadash structure is located in the north-western part of the Absheron archipelago in 15 kilometres from the coast and at a distance of 35-40 kilometers from Baku, where water depth is 10-50 meters.

Petronas has a 15.5-percent share in the development project of Azerbaijan’s Shah Deniz gas field and in the South Caucasus gas pipeline.

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