BAKU, Azerbaijan, Nov.1
By Leman Zeynalova – Trend:
Azerbaijan’s state oil company SOCAR is discovering more reserves within existing fields in the country, Yashar Latifov, vice president for field development at Azerbaijan’s state oil company SOCAR, Trend reports.
“We are discovering more reserves within existing fields, and at deeper layers than traditionally known productive horizons, whether it is in the Shallow Water Gunashli field, Bulla Deniz or others. This signals a promising outlook,” Latifov told the Petroleum Economist.
He pointed out that SOCAR is looking for better reserves characterisation and better quality selection for the remaining hydrocarbon accumulations
“With the Gilavar seismic vessel we started shooting a campaign in October in the Kadu (Karabakh, Ashrafi, Dan Ulduzu) area, and then the vessel will go to do seismic shooting at D-230 area for BP. We are doing a lot of work with our partners, but we at SOCAR are also investing in high resolution and 3D seismic surveys in older fields. We are looking for better reserves characterisation and better quality selection for the remaining hydrocarbon accumulations. We are confident that we will be able to identify these and find better targets for production drilling,” said SOCAR’s vice-president.
And he remains confident that the current vibrant exploration and production activity in Azerbaijan can be sustained. “We are seeing more and more reserves, increasingly from unconventional wells that are becoming more competitive.”
The seismic survey at Ashrafi-Dan Ulduzu-Aypara fields (ADUA) in the Azerbaijani sector of the Caspian Sea started in early October. The ADUA exploration area is located around 50 kilometers east of Baku, around 14 kilometers to the east of Azerbaijani mainland (Absheron peninsula), and approximately 7 kilometers to the east of Azerbaijan’s Pirallahi and Chilov islands, in water depths varying between 20 and 225 meters.
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