Salyan oil determines initial business schedule for 2006

Oil&Gas Materials 16 January 2006 13:57

The Board of Directors of the operating company (РћC) Salyan Oil Limited (SOL), which is involved in the development of Kursangli-Garabaghly field, will soon adopt a budget and drilling schedule for 2006, the OC told Trend.

It is supposes to drill 8 wells on the contract area in 2006. The company said that 4 wells were designed as exploitation, two for water pumping to stratums and one appraisal well. The investments to put by the company are expected to reach approximately $50m.

The drilling work is implemented by the Chinese drilling contractor Great Wall.