Baku, Azerbaijan, April 20
By Leman Zeynalova - Trend:
Bahar Energy Operating Company Limited (BEOC), which is engaged in development of Azerbaijan’s Bahar and Gum Deniz oil and gas block, is expected to get two modular rigs in 2018, a source in Azerbaijan’s oil and gas market told Trend.
“The Company has leased two modular rigs which are expected to be mobilized in April and June 2018. The refurbishment of Platform 412 is expected to be completed in the second quarter of 2018 resulting in ESP installations in four additional wells,” said the source.
During the fourth quarter 2017, BEOC continued the south Gum Deniz re-development project, which includes the refurbishment of platforms 409 and 412 and the installation of ESPs in seven wells, noted the source.
The project has experienced delays due to limited access to rigs with the capability to service older wells and perform difficult workovers, the source added.
The contract for exploration, rehabilitation, development and production at Bahar and Gum Deniz block of offshore fields was signed by Azerbaijan’s state oil company SOCAR (20 percent) and Bahar Energy (80 percent) in 2009. Bahar field, developed since 1969, is located in 40 kilometers south-east from Baku.
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