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Geotechnical studies to be performed at Shah Deniz

Oil&Gas Materials 2 May 2006 18:08 (UTC +04:00)

Survey vessel Markab is arriving in Baku in August to perform geotechnical operations under BPs order at Shah Deniz oil field, Trend reports.

It is planned to drill 4 geotechnical wells from the vessel to explore the seabed soil in the southwestern part of the oilfield. This part will be developed under the Phase 2 of Shah Deniz project.

In mid-2006 the project participants should make decision on the further gas sale policy for this oilfield. Stakeholders under Shah Deniz PSA are: Р'Р  (operator 25.5%), Statoil (25.5%), SOCAR (10%), LukAGIP (10%), NICO (10%), Total (10%) and TPAO (9%).

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