The State Oil Company of Azerbaijan (SOCAR) is likely to take a positive decision in regard to the application of the Salyan Oil Company engaged in the development on the Kyursangi-Ggarabagli contract area on extending the exploration period for several months, SOCAR told Trend. During this period the company is to accomplish drilling of the last exploration well, which is within the contract commitments.
Around three months are needed for the company to finish works. The well was to be completed at the last year end. However, due to technical problems drilling on the well has been suspended.
Under the PSA type contract commitments, Salyan Oil is to drill three exploration wells. The well drilling is performed by the Chinese contractor the Great Wall Company.