Baku, Azerbaijan, Feb.1
By Leman Zeynalova – Trend:
No delay is expected in starting the drilling of first well at Azerbaijan’s Absheron gas field in the Caspian Sea, an informed source in Azerbaijan’s oil and gas market told Trend.
The source noted that the floating drilling rig named after Heydar Aliyev is completing the preparations for sail away to the place of drilling in the field.
“Rig sail away is planned between 8th and 15th February (weather permitting). No more delay is expected,” said the source.
Earlier, Azerbaijan’s state oil company SOCAR and TOTAL signed a framework agreement on the main contractual and commercial principles regulating the program of the first phase of Absheron field’s development.
The first phase of the field’s development envisages drilling of one well at a sea depth of 450 meters. The production will stand at up to 1.5 billion cubic meters of gas per year and these volumes, coupled with considerable amount of condensate will be used in Azerbaijan’s domestic market. In the second phase, it is planned to produce up to 4 billion cubic meters of gas per year.
TOTAL specialists estimate the reserve of Absheron field to stand at 326 billion cubic meters of gas and 108 million tons of condensate.
JOCAP, with 50 percent share held by SOCAR and TOTAL each, will be the operator of Absheron project.
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