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SOCAR Concludes Contract on Creation of Onshore Electronic Model with Foreign Company

Oil&Gas Materials 9 April 2007 16:06 (UTC +04:00)

Azerbaijan, Baku / Trend corr S. Aliyev / Fields Modelling Centre of the State Oil Company of Azerbaijan Republic (SOCAR) have completed a contract with Salyan Oil operational company on the development of the geological model of Kursangi field. Kursangi is part of the Kursangi-Garabahli contract area exploited by the company.

The period of validity of the contract is one year. A digital geological model of the field and oil wells will be developed during the process of the work.

The company is drilling a well in the contract area at present. According to a representative of the company, the depth of the well is to be 3,500 meters. The budget for 2007 comprises $43mln. Five wells will be drilled in 2007.

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