Baku 16° C
Exploration well at depth of 5,305 meters drilled in Shafag-Asiman
Energy
- 04 February, 2021
- 12:26
On the Shafag-Asiman offshore block, the first exploration well was spudded on 13 January 2020, Report informs, citing a statement issued by the block's operator, BP-Azerbaijan, and partners on the results of 2020 business.
Drilling activities are currently ongoing, and the well is at a depth of 5,305 meters.
Once the well reaches the target depth, the data will be analyzed and, if successful, an evaluation program may be conducted to confirm the results.
The agreement on the Shafag-Asiman block signed by BP and State Oil Company of Azerbaijan (SOCAR) in October 2010 covers 30 years. The share of each company in the contract is 50%. The block is located 125 km south-east of Baku. It is believed that there are gas reserves here.
Author
Latest News
21:03
Photo
Statements regarding torture of Azerbaijanis held in captivity and as hostages by Armenia announced in court
Domestic policy21:00
Azerbaijani and NATO representatives meet at National Defense University
Military20:57
EU leaders agree to accelerate creation of unified defense system by 2030
Other countries20:36
NATO Secretary General to attend Coalition of the Willing meeting in UK
Other countries20:15
China state oil majors suspend Russian oil buys due to sanctions, sources say
Other countries20:02
Zelenskyy and Macron discuss defense cooperation and support for Ukraine
Other countries19:49
Zelenskyy: Ukraine should use Russian assets for weapons production
Other19:39
EU: Decision regarding use of Russian assets could be made by year-end
Other countries19:19