BAKU, Azerbaijan, Jan.26. bp is completing the seismic data interpretation for D230 in Azerbaijan, bp Vice President for the Caspian region, Communications and External Affairs Bakhtiyar Aslanbeyli told Trend Jan.26.
“The decision on drilling an appraisal well and its location will be taken following this. The drilling work is quite extensive, but not unlimited, as it requires huge investments. We regard the drilling work comprehensively alongside with Shah Deniz, Azeri-Chirag-Gunashli, depending on the investment priority and efficiency,” he explained.
In May 2016, BP and SOCAR signed a memorandum of understanding (MOU) to jointly explore potential prospects in the block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea.
The MOU gives BP the exclusive right to negotiate an agreement with SOCAR to explore and develop the D230 Block.
The block covers areas in a water depth of up to 300 meters with the reservoir depth of 3,000-5,000 meters.
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