The State Oil Company of Azerbaijan (SOCAR) told Trend that the drilling rig Khazar-4 has concluded drilling the second well with the project depth of 820 meters in the southern part of West Apsheron field. The drilling rig set up spudding the third well in this section of the field. The project depth of the well is over 800m. It is planned to drill 5 new production wells on the new drilling point.
Generally it is intended to drill 5 wells using this equipment. These wells will be pre-drilling. After completion of the drilling they will be conserved for further production from the platform.
According to SOCAR, open fields are effective for development. It is justified through the issue that they are located away from the coast and communications for oil transportation. At present contouring and assessing the reserves in this part of the field is being carried out. The wells are 800-1,000 meters in depth.
SOCAR intends to install producing platform in the southern part of Western Apsheron. According to the assessment of specialists, approximately 1.5 million tons of recoverable reserves are located in the field.