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Drilling Offshore Wells in Azerbaijan to be Completed by End of Year

Oil&Gas Materials 18 August 2007 13:09 (UTC +04:00)

Azerbaijan, Baku / corr Trend S.Aliyev / Currently the depth in the well drilled by the Azeri Drilling Company Limited Joint Venture makes up nearly 5.000 meters, a source stated in the State Oil Company of Azerbaijan (SOCAR). Azeri Drilling Company is continuing drilling its first well on 8 March field.

The work is carried out from deep water jacket No. 759 and the project depth of the well makes up nearly 6000 meters. Generally ten wells will be drilled in this field. Three wells will be drilled with the deep water jacket.

The founders of "Azeri Drilling Company Ltd." JV are SOCAR (35 %), "Target Petroleum Azerbaijan Corporation", registered in Panama (35 %), and "First Drilling Limited" of Scotland (30%).

The Enterprise is engaged in drilling oil and gas wells, including horizontal and special drilling, cementing and fortifying wells, the development, overhaul and underground repair activities, geophysical research and perforation activities.

The key task of the JV is to carry out drilling work on '8 Mart' and Bulla Deniz fields with advanced jackets. There are plans to drill approximately eight wells with a depth of 6,500m.

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