Baku, March 26 - Neftegaz.RU. 1st gas-condensate reserves were found at a depth of 7189 m in an exploration well drilled on the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea.
Herewith the logging and drilling of the Fasila stratum of the field was successfully completed.
To define the exact volume of hydrocarbon reserves, the parties of the project are going to work out a technical plan for drilling of an additional lateral well in the direction of the structure’s arch.
Exploration work on the Shafag-Asiman block is a joint project of SOCAR and bp.
According to the PSA, bp is the operator of exploration drilling.
In 2020 SOCAR's Caspian Drilling Company’s started drilling the exploratory well on the 623-m deep seabed by Heydar Aliyev Semi-Submersible Drilling Rig.
Azerbaijan´s President Ilham Aliyev commented:
- The history of cooperation between bp and SOCAR comprises a period of about 30 years
- During this period, many projects of global importance have been carried out
- These include such joint projects as the development of ACG block, BTC pipeline, the Shah Deniz, the SGC and its elements - the SCP, TANAP and TAP pipelines
- Currently, the cooperation between SOCAR and bp has strategic importance
- bp is the biggest foreign investor in Azerbaijan's oil & gas industry
The Shafag-Asiman block lies 125 km to the south-east of Baku and covers an area of 1100 square km.
It was discovered in 1961 during a seismic exploration.
SOCAR and bp have equal shares in the project.
To read the article in Russian.
