BAKU, Azerbaijan, July 28
By Leman Zeynalova – Trend:
bp plans to work out the Environmental and Social Impact Assessment (ESIA) for the third well to be drilled as part of the Shallow Water Absheron Peninsula (SWAP) project in Azerbaijan by the end of 2021.
The remarks were made in response to Trend’s question during the public discussions of bp on ESIA for the second well of SWAP.
bp said that all three wells will be drilled by Satti rig and digital technologies will be used during the drilling process.
The SWAP Contract Area comprises three Prospective Areas. It is planned to drill three SWAP exploration wells in total; one in each Prospective Area namely: North Khali (NKX01) exploration well in North East Prospective Area; Qarabatdag (QBDX01) exploration well in South East Prospective Area; and Bibiheybat (BHEX01) exploration well in West Prospective Area.
bp signed a new production sharing agreement (PSA) with SOCAR in December 2014 to jointly explore for and develop potential prospects in the shallow water area around the Absheron peninsula in the Azerbaijan sector of the Caspian sea. This PSA was ratified by the Milli Majlis (Parliament of Azerbaijan) on 14 April 2015. This enables bp to move forward with its commitments under this PSA using its experience and advanced technology solutions from other shallow water areas around the world.
Under the PSA bp is the operator with 50 percent interest while SOCAR holds the remaining 50 percent equity.
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