Baku, Azerbaijan, Apr.6
By Leman Zeynalova – Trend:
The drilling of the first well at Azerbaijan’s Absheron gas field is expected to be completed by the end of the second quarter of 2019, an informed source in Azerbaijan’s oil and gas market told Trend.
Earlier, it was reported that the well will be completed by late March 2019.
The source noted that the drilling campaign started with plug and abandon operations on exploration well by Norway’s HydraWell.
“Operations are going well. Heydar Aliyev drilling rig is performing well,” said the source.
The source said that the drilling of development well will start late April, early May.
“The well should be completed by end Q2-2019,” said the source.
In 2016 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 development of the Absheron field.
The first phase of the field’s development envisages drilling of one well at a sea depth of 470 meters. The production will stand at 1.5 billion cubic meters of gas per year and these volumes will be used in Azerbaijan’s domestic market. It is planned to produce up to 4 billion cubic meters of gas as the second stage.
Absheron’s reserves are estimated at 326 billion cubic meters of gas and 108 million tons of condensate, according to the estimations of Total specialists.
The Absheron project will be operated by JOCAP (Joint Operating Company Absheron Petroleum) (50 percent SOCAR, 50 percent Total).
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