SALYAN OIL DID NOT RECEIVE ANTICIPATED REULTS FROM METHOD OF HYDRO-FAULT OF STRATUM ON В"РљYURSANGI вЂ"РљРђRABAGLIВ"
The method of the hydro-fault of the layer, applied by the operating company Salyan Oil Limited (SOL) on working wells on the "РљyursangiвЂќ-"Garabagli" block, did not give the results they expected, the company told Trend.
Due to the lack of efficiency the company does not plan to carry on introducing this method on wells. The company used this method on wells this year, which facilitated producing of no more than 1-2 tons of extra oil per day.
According to the SOL spokesman, the works specified were performed on 20 wells, at the result of which production grew by 2-3 times. However, it was not satisfactory for the company, as it does not cover the expenditures, used for application of the hydro-fault method.
The contract for the development of the oil fields "РљyursangiвЂќ and "GarabagliвЂќ for the period of 25 years was signed in December 1998. The operating company Salyan Oil was set up in May 1999. Its shareholders are the State Oil Company of Azerbaijan (SOCAR), (50% shares), the Chinese National Oil Corporation (China National Oil and Gas Exploration and Development Corp. - CNODC and FAL вЂ" by 25%).