Foreign Company Launches Drilling New Well in Onshore Field of Azerbaijan

Oil&Gas Materials 20 December 2006 14:03 (UTC +04:00)

The Operating Company Salyan Oil has begun drilling the next, fifth exploitation well in the Kursangi-Garabagli onshore field, Trend reports quoting the Company.

The drilling of the well with the project depth of 3,500 meters will be complete in January-February 2007.

The Company faced many technical difficulties during its activities.

The Operating Committee of Salyan Oil adopted the budget of 2007 operations in the amount of $43mln. Next year it is planned to drill 5 production wells each with the project depth of 3,500 meters.