BAKU, Azerbaijan, Nov. 13
By Anastasia Savchenko - Trend:
Drilling wells at the Karabakh field with a new production platform is planned to begin in 2020, the Deputy Head of the Public Relations and Event Management Department of Azerbaijan's State Oil Company SOCAR Ibrahim Ahmadov told Trend.
"At the moment, work on construction of a new production platform is still ongoing," Ahmadov said.
The deputy department head also stressed that the new platform will be designed to drill 12 wells.
On March 13, Azerbaijan’s Caspian Drilling Company Ltd. (CDC) and Norwegian Equinor Azerbaijan Karabakh BV (Equinor) signed a contract for the drilling services at Karabakh field of Azerbaijan.
Equinor and SOCAR participate in the development of the Karabakh field on an equal footing based on the risk-service contract signed in 2018.
Equinor also signed with SOCAR a contract on exploration and future production sharing for the Ashrafi-Dan Ulduzu-Aypara (ADUA) exploration area.
The Karabakh oil and gas field, discovered in 2000, is located 130 kilometers to the east of Baku. The sea depth in the field varies in the range of 250-450 meters. The initial oil reserves of the field are estimated at 100 million tons.
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