A meeting of the Steering Committee of the operating company Salyan Oil, which is involved in the development of Kursangi-Garabaghly onshore fields, is due in Baku shortly. The gathering will discuss a work budget to be carried out next year, the company told Trend.
This year the company plans to invest $45-46m in the development of the Kursangi-Garabaghly.
Earlier the representatives of the State Oil Company of Azerbaijan (SOCAR) and the operating company Salyan Oil held a meeting of the technical committee, which processed a business plan for the next year. In accordance with the initial resolution, the operating company will drill 6 wells next year. At present they are designed as exploitation wells, but the company may make the decision on the drilling of water injection or exploration wells.
Early November 2006 an operating company Salyan Oil will set up drilling the 5th exploitation well on the Kursangi onshore field. The drilling of well is expected to conclude the work here by the end of the year. The company did not exclude that they may drill 5 wells instead of 8 as was scheduled earlier, due to problems during the work process.