Salyan Oil preparing for steering committee meeting
Salyan Oil operating company is going to organize a Steering Committee meeting in June, the SOCAR told Trend. The shareholder of the company plans to consider the result of work dine in the first half-year, efficient use of the budget expenses and business schedule for the second half of the year.
The company plans to invest up to $50mln in this project. Drilling operations are performed by Chinese drilling contractor Great Wall.
The SOCAR said that so far Great Wall has drilled over 3000 meters in one of its exploitation wells on Kursangi-Garabaghly onshore field. The other well was drilled till the point of 2000 meters. The project depth of the well is 3,500 meters.
8 wells are suggested to drill in the contract area in 2006. Four wells are purposed for production, two for water injection, one for exploration and one for appraisal.