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Heydar Aliyev rig demobilized from Absheron field

Oil&Gas Materials 15 November 2019 13:33 (UTC +04:00)
Heydar Aliyev rig demobilized from Absheron field

BAKU, Azerbaijan, Nov.15

By Leman Zeynalova – Trend:

Heydar Aliyev semi-submersible drilling rig has been demobilized from Azerbaijan’s Absheron gas field, a source in the country’s oil and gas market told Trend.

‘The well completion at the field has been finished. Heydar Aliyev rig was demobilized on November 10. The well is very good with high productivity,” said the source,

The source noted that production will start as soon as the receiving facilities in Oil Rocks will be ready, that is in the first quarter of 2021.

As for the plans to drill the second well at Absheron, the source said there is no firm plan yet for second well, as it will part of next development phase for which the final investment decision (FID) has not been taken yet.

SOCAR and Total signed a framework agreement in 2016 on the main contractual and commercial principles regulating the first phase of development of the Absheron field.

The first phase of the field’s development envisaged drilling one well at a sea depth of 450 meters. It is planned to produce up to 4 billion cubic meters of gas at the second stage.

Absheron’s reserves are estimated at 326 billion cubic meters of gas and 108 million tons of condensate, according to estimations of the Total specialists.

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